The rule guiding international specialization of production is that a country should specialize in the production of the good
A) for which it has the highest opportunity cost
B) for which it has the lowest opportunity cost
C) that it most wants to consume
D) for which it has an absolute advantage
E) that it can produce with the least quantity of capital
Correct Answer:
Verified
Q111: Labor specialization can increase production primarily because
Q112: Economy X has just one worker, while
Q113: Applying the concept of labor specialization to
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