Question: 2. A nation has a comparative advantage in producing a good when &a. it can produce a good for a lower input cost than other

2. A nation has a comparative advantage in producing a good when

&a. it can produce a good for a lower input cost than other nations can.

&b.the opportunity cost of producing a good, in terms of the forgone output of other goods, is lower than that of other nations.

&c. it can produce a good for a higher input cost than other nations can.

&d.the opportunity cost of producing a good, in terms of the forgone output of other goods, is higher than that of other nations.

&e. the nation’s export supply curve is below its import demand curve.

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