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Which of the following is true if a nation does NOT have an absolute advantage in producing any good or service? No country will want
Which of the following is true if a nation does NOT have an absolute advantage in producing any good or service?
No country will want to trade with this nation because it is not cost effective to do so
It will export raw materials and import finished products
It will have a comparative advantage in the production of the good or service in which it has a lower opportunity cost
it cannot have a comparative advantage either
The international value of its currency will be fixed
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