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    Microeconomics Principles Applications
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    Exam 3: Exchange and Markets
  5. Question
    The Ability of One Person or Nation to Produce a Good
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The Ability of One Person or Nation to Produce a Good

Question 43

Question 43

Multiple Choice

The ability of one person or nation to produce a good at a lower absolute cost than another is called a(n)


A) market advantage.
B) comparative advantage.
C) absolute advantage.
D) specialization advantage.

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