Multiple Choice
Which of the following statements is false ?
A) Specialization and trade does not allow a country's inhabitants to consume at a level beyond its production possibilities frontier.
B) Some of the goods the U.S. exports include cars, coal, and wheat.
C) Some of the goods the U.S. imports include cars, oil, and coffee.
D) A country has a comparative advantage in producing that good it can produce at lower opportunity cost than another country.
Correct Answer:
Verified
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