Question: not sure if that is correct Given two economic systems, A and B, if economy A must give up less of all other goods to

not sure if that is correct

not sure if that is correct Given two economic systems, A and

Given two economic systems, A and B, if economy A must give up less of all other goods to produce widgets than economy B, then O A. economy A has a comparative advantage in the production of widgets O B. economy A is less efficient in the production of some goods than economy B O C. economy A has an absolute advantage in the production of widgets, OD. economy A would not benefit from the specialization of production

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!