A country possesses a comparative advantage in the, Ask an Expert

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A country possesses a comparative advantage in the production of a product if a. The opportunity cost, in terms of the amount of the other products that it gives up to produce this product, is lower than it is for its trading partners b. It possesses an absolute advantage in the production of this good compared to its trading partners c. It is able to produce less of this good per worker than its trading partners d. It can produce more of this good per hour than its trading partners

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720643

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