Quizzol

QUESTION:

If a nation has an absolute 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 will specialize in the production of that good and export it

e. none of the answer choices are correct

ANSWER:

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

Posted by Cleveland on August 29, 2024