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    Exam 13: Comparative Advantage and the Gains From International Trade
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    ________ Is the Ability of an Individual, a Firm, or a Country
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________ Is the Ability of an Individual, a Firm, or a Country

Question 91

Question 91

Multiple Choice

________ is the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.


A) Absolute advantage
B) Specialisation
C) Autarky
D) Comparative advantage

Correct Answer:

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