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Assuming a Competitive World, Does Your Country Have an Absolute

Question 144

Multiple Choice

Assuming a competitive world, does your country have an absolute advantage in making pizza? You can get your answer by


A) observing if your country makes more pizza than any other country
B) calculating the costs of pizza ingredients in your country
C) comparing pizza prices in other countries
D) calculating the opportunity cost of a pizza in your country
E) looking at your country's terms of trade

Correct Answer:

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