an advantage derived from one countrys having a lower absolute input cost of producing a particular good

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an advantage derived from one country’s having a lower absolute input cost of producing a particular good than another country Match each key term with its correct definition by placing the appropriate letter next to the corresponding number.
A. absolute advantage F. tariff B. intraindustry trade G. quantity quota C. commercial policy H. value quota D. strategic trade I. subsidies policy E. increasing-returnsto-
scale industry

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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