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Sources of Comparative Advantage
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Sources of Comparative Advantage
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9. International Trade / Sources of Comparative Advantage / Problem 9
Problem 9
What is the definition of comparative advantage?
A
The ability to produce goods with fewer resources than other producers.
B
The ability to produce goods at a higher quality than other producers.
C
The ability to produce goods at a lower opportunity cost than other producers.
D
The ability to produce goods faster than other producers.
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