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tuggy tuggy
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6 years ago
Which of the following statements is true?
A) The principle of comparative advantage provides a basis for trade when two nations have the same opportunity cost of producing a good.
B) The principle of absolute advantage provides a basis for the determination of the terms of trade between two trading nations.
C) The principle of absolute advantage forms the basis of trade when a nation can produce more of all the goods and services compared to the other nations.
D) The principle of comparative advantage provides a range of prices within which trade will occur.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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6 years ago
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tuggy Author
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#2
6 years ago
Thanks for answering correctly
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