The advantage enjoyed by one country over another, when it has a lower opportunity cost in producing a product is : A) an absolute advantage. B) a relative advantage. C) a comparative advantage. D) a productive advantage
The advantage enjoyed by one country over another, when it has a lower opportunity cost in producing a product is : A) an absolute advantage. B) a relative advantage. C) a comparative advantage. D) a productive advantage
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 17SQ
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The advantage enjoyed by one country over another, when it has a lower
A) an
C) a
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