A country has an absolute advantage in the production of a good if that country _____
A) can produce the good using fewer resources than another country would require.
B) has the lowest opportunity cost of producing the good and can sell it at the highest price.
C) has the lowest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources.
D) has the greatest opportunity cost of producing the good, regardless of whether it is produced using the fewest resources.
E) has the greatest opportunity cost of producing the good and can sell it at the highest price.
Correct Answer:
Verified
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