Quizzol

QUESTION:

ccording to the principle of comparative advantage, ________.

a. countries with a comparative advantage in the production of every good need not specialize

b. countries should specialize in the production of goods for which they use fewer resources in production than their trading partners

c. countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners

d. countries should specialize in the production of goods that they enjoy consuming

ANSWER:

countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners

Posted by Cleveland on August 29, 2024