If a nation has a comparative advantage in the production of X, this means the nation:

A. cannot benefit by producing and trading this product.
B. must give up less of other goods than other nations in producing a unit of X.
C. has a production possibilities curve identical to those of other nations.
D. is not subject to increasing opportunity costs.

B. must give up less of other goods than other nations in producing a unit of X.

Economics

You might also like to view...

What is a "debtor nation?" Is the United States a debtor nation?

What will be an ideal response?

Economics

The Command System (communism)

What will be an ideal response?

Economics