5. You have an comparative advantage in producing something when you &a. have a higher opportunity cost
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5. You have an comparative advantage in producing something when you
&a. have a higher opportunity cost than someone else.
&b.have a special talent.
&c. have a lower opportunity cost than someone else.
&d.have learned a useful skill.
&e. have the same opportunity cost as someone else.
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Related Book For
Fundamentals Of Economics
ISBN: 9781133956105,9781285531847
6th Edition
Authors: William Boyes, Michael Melvin
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