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An Absolute Advantage Exists When

Question 24

Multiple Choice

An absolute advantage exists when


A) a country has a superior political system.
B) a country can produce a product more cheaply and/or of higher quality than any other country.
C) a country has more natural resources than all other countries.
D) a country has lower labour costs than all other countries.
E) a country can make almost all products more efficiently than other countries.

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