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    Contemporary Business Study Set 2
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    Exam 4: Competing in World Markets
  5. Question
    Because of Its Climate and Terrain, Guatemala Possesses a ______
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Because of Its Climate and Terrain, Guatemala Possesses a ______

Question 102

Question 102

Multiple Choice

Because of its climate and terrain, Guatemala possesses a ______ over Canada in coffee production.


A) higher GDP
B) higher standard of living
C) comparative advantage
D) absolute advantage

Correct Answer:

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