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    Microeconomics Principles and Policy Study Set 2
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    Exam 21: International Trade and Comparative Advantage
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    Table 34-3 the Data in Table 34-3 Indicate That
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Table 34-3 the Data in Table 34-3 Indicate That

Question 101

Question 101

Multiple Choice

Table 34-3 Table 34-3   The data in Table 34-3 indicate that the United States has A) an absolute advantage in both goods, and a comparative advantage in cotton. B) an absolute advantage in both goods, and a comparative advantage in wheat. C) only a comparative advantage in wheat. D) only a comparative advantage in cotton. The data in Table 34-3 indicate that the United States has


A) an absolute advantage in both goods, and a comparative advantage in cotton.
B) an absolute advantage in both goods, and a comparative advantage in wheat.
C) only a comparative advantage in wheat.
D) only a comparative advantage in cotton.

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