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A nation possesses a comparative advantage if: It can produce a product at a lower domestic opportunity cost than potential trading partners It can import

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A nation possesses a comparative advantage if: It can produce a product at a lower domestic opportunity cost than potential trading partners It can import resources faster than it exports products O It generates a trade surplus O It can produce more of a certain product than potential trading partners D Question 8 Which of the following is an argument made by governments to restrict imports of certain products? Lack of productive efficiency O Technological achievement strategy Military self sufficiency Resource preservation theory

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