Business, 28.02.2020 19:21, eden43

Is it possible for a country to have a comparative advantage in producing a good without also having an absolute advantage? A country without an absolute advantage in producing a good…
1. will have a comparative advantage if it is able to produce that good at a low total cost.
2. will have a comparative advantage if it produces more efficiently.
3. will have a comparative advantage if it devotes more resources toward that good’s production.
4. will have a comparative advantage if it has a lower opportunity cost of producing that good.
5. will not have a comparative advantage because it has fewer resources.

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Is it possible for a country to have a comparative advantage in producing a good without also having...