Question
In economic terms, absolute advantage means: A. A nation has suffered a trade deficit B. A nation has achieved a trade surplus C. A nation
In economic terms, absolute advantage means:
A. A nation has suffered a trade deficit
B. A nation has achieved a trade surplus
C. A nation can produce a good at a lower domestic opportunity cost than its potential trading partners
D. A nation can produce more than its potential trading partners
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
