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Which of the following statements is true? A.International trade does not reflect the benefits of specialization. B.A nation should specialize in producing a good in

Which of the following statements is true?

  • A.International trade does not reflect the benefits of specialization.
  • B.A nation should specialize in producing a good in which it has an absolute advantage.
  • C.A nation should specialize in producing a good in which it has a comparative advantage.
  • D.A nation should specialize in producing a good only when it has both an absolute and a comparative advantage.
  • E.Exports tend to decrease economic efficiency.

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