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01-03-2017
Social Studies

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Which of the following best defines comparative advantage in terms of international trade?
a. when a nation only imports and never exports
b. when a nation only exports and never imports
c. when a nation has more buying power than any other nation
d. when a nation can produce a good or service at a lower opportunity cost than any other nation?

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01-03-2017

d. when a nation can produce a good or service at a lower opportunity cost than any other nation

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