A nation has a in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods. Multiple Choice comparative advantage supreme advantage qualified advantage primary efficiency

A nation has a in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods. Multiple Choice comparative advantage supreme advantage qualified advantage primary efficiency

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 13P

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Question

A nation has a
in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods.
Multiple Choice
comparative advantage
supreme advantage
qualified advantage
primary efficiency

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