If firms in the United States can produce both airplanes and corn with a lower input cost of production compared to firms in Russia, the United States has

Name: If firms in the United States can produce both airplanes and corn with a lower input cost of production compared to firms in Russia, the United States has
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Question

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The United States has an absolute advantage because it can produce both goods at a lower input cost than Russia, meaning it can produce more efficiently.

If Firms in the United States Can Produce Both Airplanes