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Economics Learning Guide: Certification Test 69

Comparative Advantage and Trade Notes App & e-Book: MCQ 69

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MCQ: 69

The ability of one party to produce a specific good/service at a lower opportunity cost over another is known as

  1. production possibility
  2. comparative advantage
  3. trade
  4. opportunity cost

Comparative Advantage & Trade Learning Guide: Economics App & eBook Notes

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