Multiple Choice

A country has a comparative advantage when the opportunity cost of producing a good in terms of the
A) monetary value of other forgone goods is lower than that of other countries.
B) monetary value of other forgone goods is greater than that of other countries.
C) forgone output of other goods is higher than that of other countries.
D) forgone output of other goods is lower than that of other countries.
E) forgone output of other goods is equal to that of other countries.
Correct Answer:
Verified
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