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Comparative advantage Fries: 5 min Fries: 5 History 120 120 fries Figure 1.1 IS min 16 Fries: 14 min Figure 1.2 snhu 10 fries 112

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Comparative advantage

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Fries: 5 min Fries: 5 History 120 120 fries Figure 1.1 IS min 16 Fries: 14 min Figure 1.2 snhu 10 fries 112 fries [Insert your responses to the following questions: How do individuals evaluate opportunity costs to make business decisions? Explain what role the production-possibility frontier (PPF) has in the decision-making process.] [Explain how comparative advantage impacts a firm's decision to engage in trade. Would a business decision to trade cause a change to its PPF? Provide specific reasoning to support your claims.)

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