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The Difference Between Absolute and Comparative Advantages Is That Absolute

Question 9

Multiple Choice

The difference between absolute and comparative advantages is that absolute advantage is relative to ________, while comparative advantage is relative to ________.


A) other nations; activity inside the country
B) similar industries; dissimilar industries
C) similar products; dissimilar products
D) activity inside the country; other nations
E) dissimilar products; similar products

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