You have a comparative advantage when your opportunity cost is lower than your competitor's opportunity cost.
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Q55: If Ying can increase production of houses
Q56: Adam gives Eve 2 apples and receives
Q57: Dave gives Candy 10 kilograms of fish
Q58: For a trade to have mutual benefits,
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Q61: Which government policy is not protectionist?
A) quotas
B)
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Q63: Measured as a percentage of GDP, trade
Q64: Specialization and voluntary trade eliminate the problem
Q65: Voluntary trade is a zero-sum game.
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