According to the theory of comparative advantage,a country should
A) specialize and export goods with the highest opportunity cost.
B) specialize and export goods with the lowest production cost.
C) specialize and export goods with the lowest opportunity cost.
D) specialize and export goods with the lowest average cost.
Correct Answer:
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Q1: A country has a trade surplus when
A)
Q3: A country's trade is balanced when
A) its
Q8: If a country has a trade surplus
Q9: If a country has a trade deficit
Q10: A country has a trade deficit when
A)
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