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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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