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Mayra Enriquez
on Dec 08, 2024

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Refer to Figure 20.2. England has an absolute advantage in producing

A) trucks.
B) both cars and trucks.
C) cars.
D) neither cars nor trucks.

Absolute Advantage

The capability of a body to generate a product or offer a service with greater efficiency than its rivals, utilizing an identical quantity of resources.

  • Acquire knowledge of the fundamentals of absolute and comparative advantage in the context of global trading.
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Ashton StephensDec 15, 2024
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