If a nation has an absolute advantage in the production of a good it
A) can benefit by restricting imports of that good.
B) will specialise in the production of that good and export it.
C) can produce that good using fewer resources than its trading partner.
D) can produce that good at a lower opportunity cost than its trading partner.
Correct Answer:
Verified
Q6: The production possibilities frontier demonstrates the basic
Q15: Which of the following will not shift
Q16: Exhibit 1 Q19: Exhibit 1 Q20: If trade benefits one country, its trading Q21: Table 1 shows the units of Q22: Suppose the world consists of two countries: Q23: Busisani is a tax accountant. He receives Q24: Table 1 shows the units of Q25: Exhibit 2 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
