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    Macroeconomics Study Set 17
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    Exam 7: Comparative Advantage and the Gains From International Trade
  5. Question
    ________ Is the Ability to Produce More of a Good
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________ Is the Ability to Produce More of a Good

Question 49

Question 49

Multiple Choice

________ is the ability to produce more of a good or service than competitors when using the same amount of resources.


A) Absolute advantage
B) Comparative advantage
C) Trade superiority
D) Trade autarky

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