If Canada has an absolute advantage over Italy in producing lumber, it means that a. Canada can

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If Canada has an absolute advantage over Italy in producing lumber, it means that

a. Canada can produce lumber using more resources than can Italy

b. Canada should only produce lumber

c. Canada can produce lumber using fewer resources than can Italy

d. the opportunity cost of producing lumber in Canada is higher than in Italy

e. the opportunity cost of producing lumber in Canada is lower than in Italy

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 11, 2024 07:03 AM

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If Canada has an absolute advantage over Italy in producing lumber, it means that a. Canada can

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Principles Of Microeconomics

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