Country a would have an absolute advantage compared to country b in the production of corn if
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Business, 03.01.2020 04:31, xandraeden32
Country a would have an absolute advantage compared to country b in the production of corn if
a) corn can be produced at lower cost in terms of other goods than it could be in country b.
b) country a uses fewer resources to produce corn than country b does.
c) the demand for corn is higher in country a than in country b.
d) corn sells for a higher price in country a than in country b.
Answers: 2
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