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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
How is comparative advantage determined in output problems?
By comparing the gains and losses in trade
By identifying the country with the lowest amount of resources needed
By considering the terms of trade
By calculating the per unit opportunity cost
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AP Macroeconomics - 1.3 Comparative Advantage and Trade
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Comparative Advantage
Output Problems
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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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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