Question
If a country has a comparative advantage in the production of a good: it can produce that good at a lower opportunity cost. it
If a country has a comparative advantage in the production of a good: it can produce that good at a lower opportunity cost. it will find trade most beneficial when it trades with another country that has a comparative advantage in the same good. it will not find trade beneficial because other country(ies) won't have a comparative advantage in other goods. it must also have an absolute advantage in the good.
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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