It is possible for one person to have an absolute advantage in two tasks and a comparative advantage in only one.
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Q47: Exhibit 2-1 John and Harry's Production Possibilities
Q48: If one person has the absolute advantage
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Q50: Exhibit 2-1 John and Harry's Production Possibilities
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Q53: Absolute advantage is based on opportunity cost.
Q54: It is possible for one person to
Q55: Janis mows the lawn in 1 hour
Q56: A country has an absolute advantage in
Q57: If Jeremy has an absolute advantage in
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