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Question 1(Multiple Choice Worth 1 points) (03.07 LC) Which statement is true of the United States? It has an absolute advantage in all natural resources

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Question 1(Multiple Choice Worth 1 points) (03.07 LC) Which statement is true of the United States? It has an absolute advantage in all natural resources traded with other nations. It has an abundance of certain resources that create an advantage over many nations. It has a comparative advantage in production of both diamonds and bananas. It has a consumption level lower than its own production possibilities

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