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Homework answers / question archive / Which of the following statements is true? A) The country with the higher opportunity cost of producing a good has the comparative advantage in producing that good
Which of the following statements is true?
A) The country with the higher opportunity cost of producing a good has the comparative advantage in producing that good.
B) A country can have a comparative advantage in the production of all goods.
C) A country that has the absolute advantage in producing a good also has the comparative advantage in producing that good.
D) There are mutually beneficial gains from trade if opportunity costs differ.
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