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Q: Comparative advantage is when a nation, business, or person can produce a good or service at a lower opportunity cost than anyone else. The theory of comparative advantage, as applied to
international commerce in the competitive market, suggests that all countries will A. benefit from specialization and trade. B. be forced to adopt fair-trade policies. C. benefit from import quotas and tariffs. D. be forced to adopt a global form of currency.
A: A. benefit from specialization and trade.
Evoere|Points 131|
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Asked 5/3/2013 11:20:40 AM
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