Two nations with differing comparative advantages will be able to consume more if each produces the good for which the opportunity cost is highest and trades for the good for which opportunity cost is lowest.
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Q2: The production possibility table below is
Q3: Refer to the graph below. 
Q4: Refer to the production possibility curve for
Q5: Investment in capital goods is one
Q6: If the principle of increasing marginal opportunity
Q7: The production possibility model can be used
Q8: The law of one price means that
Q9: Two nations with differing comparative advantages will
Q10: Which of the following cannot be determined
Q11: If a country has a comparative advantage
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