The Table Given Below Represents Butter and Ham Production by Two

The table given below represents butter and ham production by two countries Norway and Sweden.Table 2.5

-A person has a comparative advantage in producing a good if:

A) that person can produce the good at a lower absolute cost than anyone else.
B) that person can produce the good at a lower opportunity cost than anyone else.
C) that person has a perfectly elastic demand curve for her good.
D) that person spends less on advertizements.
E) that person can produce the good at a higher opportunity cost than anyone else.

Correct Answer:

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