A country should always specialize in the production of any product for which it holds an absolute advantage.
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Q8: If all countries specialize in producing goods
Q9: The production of more capital goods this
Q10: To move along a production possibilities curve
Q11: Unemployment or underemployment is shown by a
Q12: When resources are destroyed the production possibilities
Q14: Innovation is the application of new technology
Q15: Food in the pantry of a household
Q16: The law of increasing costs causes the
Q17: An increase in unemployment will cause this
Q18: Factors of production are resources used in
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