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To have a(n) _____ in producing a product, one nation must produce that product at a lower cost in terms of other goods, relative to

To have a(n) _____ in producing a product, one nation must produce that product at a lower cost in terms of other goods, relative to another nation. To have a(n) _____ in producing a product, one nation must produce that product using fewer resources, relative to another nation.

Group of answer choices (one of those 4 is the answer)

relative advantage; marginal advantage

economy of scale; diseconomy of scale

comparative advantage; absolute advantage

absolute advantage; comparative advantage

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