APFIVE Opportunity Cost and Comparative Advantage
Which statement correctly describes the relationship between opportunity cost and a country’s comparative advantage in international trade?
A
A country has a comparative advantage in producing goods with the lowest opportunity cost relative to other countries
B
Opportunity cost only affects domestic production decisions, not international trade patterns
C
Opportunity cost is irrelevant in determining comparative advantage; only absolute productivity matters
D
A country’s comparative advantage is determined by the highest opportunity cost of production
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