Question: Which statement is true? (LO3) a) Comparative advantage is not necessary for trade to take place, but absolute advantage is. b) Absolute advantage is not

Which statement is true? (LO3)

a) Comparative advantage is not necessary for trade to take place, but absolute advantage is.

b) Absolute advantage is not necessary for trade to take place, but comparative advantage is.

c) Both absolute and comparative advantage are necessary for trade to take place.

d) Neither absolute nor comparative advantage are necessary for trade to take place.

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