a country has a (an) in the production of a good it produces at lower opportunity cost than anoti O absolute advantage O specialization disadvantage tariff-efficient advantage O infant-industry advantage

a country has a (an) in the production of a good it produces at lower opportunity cost than anoti O absolute advantage O specialization disadvantage tariff-efficient advantage O infant-industry advantage

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A country has a (an)
in the production of a good it produces at lower opportunity cost than another country.
O absolute advantage
O specialization disadvantage
O tariff-efficient advantage
O infant-industry advantage
O none of the above
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