Absolute advantage states that a country has an advantage over another if it can produce a good with fewer resources.
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Q7: Unequal distribution of resources is one of
Q8: The U.S.Constitution prevents tariffs on trade between
Q13: Countries that are unable to produce goods
Q15: One country has an absolute advantage over
Q16: One nation can gain from an exchange
Q19: Capital, labor, and other factors of production
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Q35: Even though international trade is more complicated,
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