A nation has a comparative advantage over a trading partner in the production of good A if it

A. produces good A at a lower opportunity cost per unit than its trading partner.
B. can produce good A with the same resources as its trading partner but in less time.
C. can match its trading partner's output of good A and have resources left over.
D. has an absolute advantage over its trading partner.


A. produces good A at a lower opportunity cost per unit than its trading partner.

Economics

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Economics