If country X can produce a unit of good 1 at a lower opportunity cost than can country Y, it is correct to state that country X
A) has a comparative advantage in producing good 1.
B) has an absolute advantage in producing good 1.
C) will import good 1 from country Y.
D) will not produce good 1.
A
Economics
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Mercosur is a trade agreement between nations
A) in Southeast Asia. B) in South America. C) in South Africa. D) in Southern Europe.
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