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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.4
Absolute advantage focuses on?
The trade-off between producing different goods or services.
The terms of trade between countries.
The ability to specialize in the production of goods and services.
The quantity or resource usage in production.
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AP Microeconomics - 1.4 Comparative Advantage and Trade
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Absolute Advantage
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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