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1 Apr 2018
31) 31) Individuals A and B can both produce good X. We say that A has a comparative advantage in the production of good X if A) A has a higher opportunity cost of producing X than B. B) A can produce less units of X in a given time period than B. C) A can produce more units of X in a given time period than B. D) A can produce X using newer technology than B. E) A has a lower opportunity cost of producing X than B.
31) 31) Individuals A and B can both produce good X. We say that A has a comparative advantage in the production of good X if A) A has a higher opportunity cost of producing X than B. B) A can produce less units of X in a given time period than B. C) A can produce more units of X in a given time period than B. D) A can produce X using newer technology than B. E) A has a lower opportunity cost of producing X than B.
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