Opportunity cost is the best alternative sacrificed for a chosen alternative

Trade barriers are an expensive and grossly inefficient way to reach most of the goals for which they are used

Indicate whether the statement is true or false

If one person has the absolute advantage in producing both of two goods, then that person

a. must also have a comparative advantage in both goods b. cannot benefit from trade c. cannot have a comparative advantage in either good d. will have the comparative advantage in only one good e. should specialize in the production of both goods