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sjbux sjbux
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5 years ago
Opportunity cost theory suggests that a nation has

• No advantage in the production of any good with an opportunity cost.

• A comparative advantage in the good with the lower opportunity cost.

• An absolute advantage in the production of the good with the lowest opportunity cost.

• None of the above.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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Steve T.Steve T.
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5 years ago
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sjbux Author
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5 years ago
Helps a lot... Now I'm ready for my quiz
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