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A Nation Should Acquire Goods and Services from Those Sources

Question 3

Multiple Choice

A nation should acquire goods and services from those sources - foreign or domestic - which result in the lowest cost of its own resources. The foregoing is a statement of the Principle of _____


A) Minimum Resource Cost
B) Diminishing Returns
C) Operating Resource Leverage
D) Comparative Advantage
E) International Specialization
F) None of the above

Correct Answer:

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