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The ability to produce more of a given product using a given amount of resources is called: a. comparative advantage c. resource advantage b. absolute advantage d. technological advantage User: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained? a. by increasing the amount of goods that are traded b. by producing only products with a high ...
Weegy: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. A comparative advantage is obtained by producing a product with a lower opportunity cost. ] (More)
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Updated 1/3/2014 3:40:51 AM
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The ability to produce more of a given product using a given amount of resources is called: b. absolute advantage.

Added 1/3/2014 3:40:51 AM
All of the following are aspects of human capital EXCEPT: a. education b. man made goods c. experience d. skills
Weegy: All of the following are aspects of human capital EXCEPT: b. man made goods. (More)
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Asked 1/2/2014 4:20:50 PM
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The cycle of increasing trade restrictions among nations is known as a _________. a. tariff war c. trade war b. quota war d. customs war
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Updated 10/6/2015 3:30:26 AM
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The cycle of increasing trade restrictions among nations is known as a: TRADE WAR.
Added 10/6/2015 3:29:00 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [10/6/2015 3:30:18 AM]
The United States placed a limit on the number of cars that can be brought into the country for sale. This is an example of a. an import quota. c. a customs duty. b. a tariff. d. a voluntary export restraint.
Weegy: The United States placed a limit on the number of cars that can be brought into the country for sale. This is an example of: a. an import quota. (More)
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Asked 1/2/2014 4:38:51 PM
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When a nation imports more than it exports, economists say it has which of the following? a. a trade surplus c. a trade deficit b. a balance of trade d. a national difference
Weegy: When a nation imports more than it exports, economists say it has a balance of trade. source: it states:The balance of trade measures how much a country exports versus its imports. (More)
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Updated 1/2/2014 5:58:05 PM
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When a nation imports more than it exports, economists say it has a TRADE DEFICIT.
Added 1/2/2014 5:58:05 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by andrewpallarca [7/31/2014 9:19:04 AM]
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