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Comparative Advantage Is Defined as

Question 261

Multiple Choice

Comparative advantage is defined as


A) the ability to produce more output of one good relative to another good than another country can.
B) the ability to produce more output from given inputs of resources than others can.
C) the ability to use more input of resources than others can.
D) having a lower average fixed cost in the production of a good than does someone else.

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