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calcrismore calcrismore
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A year ago

One country has a comparative advantage over another country in the production of a good if it



▸

has a curved production possibilities curve and the other country has a linear production possibilities curve.



▸

has a linear production possibilities curve and the other country has a curved production possibilities curve.



▸

is a lower opportunity cost producer of the good.



▸

has lower fixed costs than the other country.

Textbook 
Economics

Economics


Edition: 12th
Author:
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windytodaiwindytodai
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A year ago
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