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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
Which of the following best describes the concept of comparative advantage?
A country's ability to produce a good at a lower opportunity cost than another country
A country's ability to produce a good with the highest labor productivity
A country's ability to produce a good at a higher opportunity cost than another country
A country's ability to produce a good with the most advanced technology available
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AP Macroeconomics - 1.3 Comparative Advantage and Trade
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Comparative Advantage
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About Us
About Fiveable
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Careers
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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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