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If a country has an absolute advantage in
producing a good, then it must also have a
comparative advantage in producing that good.
A. True
B. False
If a country has comparative advantage in producing a
good, then the other country has comparative
advantage in producing the other good.
A. True
B. False
International trade can make some
individuals worse off, even as it makes the
country as a whole better off.
A. True
B. False
Countries specialize in the production of
the good they can produce at the highest
