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Business, 02.06.2020 15:57 gaelle90701

Match each of the terms below with its definition. (I already have the answer I'm just helping out anyone else who needs it)

Absolute advantage: The ability to produce more cheaply

Comparative advantage: The existence of lower opportunity costs than competitors.

Opportunity costs: The best alternative given up by a particular production decision.

Protectionism: The existence of barriers of free-flowing trade.


Match each of the terms below with its definition. (I already have the answer I'm just helping out

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