A comparative advantage is the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation.
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Q37: The more times a worker performs a
Q38: Q39: The ability of one person or nation Q40: Q41: If a person has a comparative advantage Q43: Recall the Application about productivity in the Q44: Specialization in production will increase total output. Q45: The principles of comparative advantage and specialization Q46: Recall the Application about productivity in the Q47: Recall the Application about productivity in the
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