If a new drug to cure cancer could be manufactured from the sap of a tree that only grew in a specific microclimate in Morocco, what would that country have relative to all other countries?
A) trade surplus
B) balance-of-payments surplus
C) comparative advantage
D) absolute advantage
E) favorable balance of trade
Answer: D
Explanation: D) Morocco would have a monopoly on producing this raw material that every country would want.
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