Question
If a country has the “comparative advantage” in producing a good or service, that means the country…(1 point) Responses
A. Has the lowest opportunity cost for producing the good or service
B. Has the cheapest labor
C. Has the most natural resources
D. Has the “strongest” currency in the foreign exchange market
A. Has the lowest opportunity cost for producing the good or service
B. Has the cheapest labor
C. Has the most natural resources
D. Has the “strongest” currency in the foreign exchange market
Answers
GPT 3.5
A. Has the lowest opportunity cost for producing the good or service