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A Country Enjoys a Comparative Advantage in the Production of a Good

Question 5

Multiple Choice

A country enjoys a comparative advantage in the production of a good if


A) that good can be produced at a lower cost in terms of other goods.
B) that good can be produced at a lower monetary cost.
C) it uses fewer resources to produce that product than the other country does.
D) it uses more resources to produce that product than the other country does.

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