8. If a country has an absolute advantage for a specific good relative to a possible trading partner, it might be producing more of the good using resources than its trading partner.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
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8. If a country has an absolute advantage for a specific good relative to a possible trading partner, it might be producing
more of the good using
resources than its trading partner.
more imported
more
different
the same
Transcribed Image Text:8. If a country has an absolute advantage for a specific good relative to a possible trading partner, it might be producing more of the good using resources than its trading partner. more imported more different the same
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