What is absolute advantage?
a.
having a lower opportunity cost to produce goods...
History, 29.10.2019 03:31, ashleyallred3299
What is absolute advantage?
a.
having a lower opportunity cost to produce goods than other firms or nations
b.
having a lower cost of production than other firms or nations
c.
having more available resources for producing a good than other nations
d.
having fewer or no trade barriers for international trade than other nations
Answers: 3
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