Question
If a nation has a comparative advantage in the production of X, this means that the nation a. cannot benefit by participating in international trade
If a nation has a comparative advantage in the production of X, this means that the nation
a. cannot benefit by participating in international trade
b. must give up less of other goods than other nations in producing a unit of X
c. also has an absolute advantage in producing this product
d. has a higher opportunity cost in producing a unit of X
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
