Advanced Placement (AP), 26.03.2020 02:25 NathalyN
Economics:
Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage?
es )
A country with an absolute advantage will always have a comparative
advantage in producing products.
A country with a comparative advantage can produce a greater output of a
products than a country with an absolute advantage.
A country with an absolute advantage can produce a product at a lower
opportunity cost than a country with a comparative advantage in producing
all products
A country with a comparative advantage can produce a product at a lower
opportunity cost, even if another country has an absolute advantage in the
production of all goods.
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Economics:
Which relationship BEST illustrates a comparison of absolute advantage and compara...
Which relationship BEST illustrates a comparison of absolute advantage and compara...
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