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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
What do output problems associated with absolute and comparative advantage focus on?
Calculating the amount of resources needed
Determining the per unit opportunity cost
Deciding terms of trade
Identifying which country can produce a higher amount of goods or services
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AP Macroeconomics - 1.3 Comparative Advantage and Trade
Key terms
Comparative Advantage
Output Problems
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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