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How is efficiency measured? Is efficiency measured based on a country's ability to allocate the factors of production towards the allocation of goods to a
How is efficiency measured? Is efficiency measured based on a country's ability to allocate the factors of production towards the allocation of goods to a country's or a firm's Production Possibilities Curve (PPC)? If a country or a firm has an absolute advantage in the production of like goods, why do you suppose it is likely that the firm or country would have a comparative advantage too
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