The law of comparative advantage states that a country should specialize in the production of a commodity
a
for which local demand is greatest
b
in which its oportunity cost is lower than that of the trade partner
c
for which foreign demand is greatest
d
for which there is abundant supply of raw materials
Explanation
Correct Option
bNo explanation available
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okoye lilian
10 years ago
Here is an explanation:
A country should only produce that commodity at which it has comparative advantage over and import goods at which it has comparative disadvantage over.
