AB Bank Assistant Officer-2014

1. One country enjoys a comparative advantage over another in producing oil when-

[AB Bank Asst. Officer-2014 : 2014]

1. it has more oil than the other country

1

2. it can produce oil at a lower opportunity cost than the other country

2

3. it does not need to import oil

3

4. it wants to export as much oil as possible

4

5. none of these

5
Answer
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