Having an absolute advantage
A) is the basis for specialization and trade.
B) means having a higher opportunity cost than the trading partner.
C) means having a lower opportunity cost than the trading partner.
D) means being able to produce more of each product than the trading partner.
E) means having a comparative advantage in production of the same goods.
Correct Answer:
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A) needs
A) does not benefit anyone.
B)
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