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The Principal Concept Behind Comparative Advantage Is That a Nation

Question 186

Multiple Choice

The principal concept behind comparative advantage is that a nation should


A) maximize its volume of trade with other nations.
B) use tariffs and quotas to protect the production of vital products for the nation.
C) concentrate production on those products for which it has the lowest domestic opportunity cost.
D) strive to be self-sufficient in the production of essential goods and services.

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