Which of the following is correct about comparative, Ask an Expert

Economics

Which of the following is correct about comparative advantage?

A) some countries will have a comparative advantage in everything

B) having a comparative advantage without an absolute advantage is impossible.

C) A comparative advantage in a good means that the country can produce more of the good than any other country.

D) A country has a comparative advantage in the production of a good if it can produce the good at lower opportunity cost than any other country.

E) None of these answers is correct

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91722885

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