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AssignmentMultiple Dropdowns

Comparative and Absolute Advantage

Question 1 of 3 • MO-Economics

Look at the examples, and then determine which type of advantage each one describes. A producer can provide cable service more cheaply than another producer. A producer can produce salads while giving up fewer opportunities to make sandwiches than another producer. A producer can create more car parts than another producer, while using the same number of resources.

Answer
Selection 1:

absolute

Selection 2:

comparative

Selection 3:

absolute

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