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5 votes
Goods with the highest opportunity costs are most efficient to produce. True or false? (3 Points)

2 Answers

6 votes
True and I hope this isn't 3 points
answered
User Riddell
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5 votes

The answer is false. "Therefore, if given a choice between producing two goods, a country will make the most efficient use of its resources by producing the good with the lowest opportunity cost, the good in which it holds the comparative advantage , and by trading for the other good."

answered
User Dashtinejad
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7.3k points

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