2. If a nation has a comparative advantage in the production of a good, a. it can...

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2. If a nation has a comparative advantage in the production of a good,

a. it can produce that good at a lower opportunity cost than its trading partner.

b. it can produce that good using fewer resources than its trading partner.

c. it can benefit by restricting imports of that good.

d. it must be the only country with the ability to produce that good.

c. none of the above is true.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

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Question Posted: Nov 14, 2024 03:00 AM

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2. If a nation has a comparative advantage in the production of a good, a. it can...

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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