An individual or country that has a comparative advantage in the production of one good:
A. must have an absolute advantage in the good’s production.
B. must not have an absolute advantage in the good’s production.
C. may or may not have an absolute advantage in the good’s production.
D. must not have an absolute advantage in the production of the other good.
Answer:C
An individual or country that has a comparative advantage in the production of one good:
A. must have an absolute advantage in the good’s production. B. must not have an absolute advantage in the good’s production. C. may or may not have an absolute advantage in the good’s production. D. must not have an absolute advantage in the production of the other good.