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Which Statement Defines Absolute Advantage

Question 158

Multiple Choice

Which statement defines absolute advantage?


A) Goods and services that are produced at their lowest resource (opportunity) cost.
B) The mix of goods and services produced is just what the society desires.
C) One country has a lower opportunity cost of producing a good than another country.
D) One country can produce more of a good than another country if both work with identical resources.

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