CHAPTER 2- comp quiz

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Ms. Boulware is the best lawyer and the best secretary in town. She has:

an absolute advantage in both jobs

A product produced in a foreign country and purchased by residents of the home country is called:

import

When nations specialize in their comparative advantage and engage in trade:

overall standards of living increase


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