A nation has a comparative advantage over a trading partner in the production of good A if it
A) produces good A at a lower opportunity cost per unit than its trading partner.
B) can produce good A with the same resources as its trading partner but in less time.
C) can match its trading partner's output of good A and have resources left over.
D) has an absolute advantage over its trading partner.
E) produces good A with fewer material inputs than its trading partner.
Correct Answer:
Verified
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