If a nation has the lowest opportunity cost of producing a good, that nation has a(n) ________ in the production of that good.

A. comparative advantage
B. comparative advantage and an absolute advantage
C. absolute advantage
D. absolute advantage and possibly a comparative advantage


Answer: A

Economics

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A) less depreciation, less net unilateral transfers, less indirect business taxes. B) less depreciation, plus net unilateral transfers, plus indirect business taxes. C) less depreciation, less net unilateral transfers, plus indirect business taxes. D) plus depreciation, plus net unilateral transfers, less indirect business taxes. E) less depreciation, plus net unilateral transfers, less indirect business taxes.

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The twin problems of the U.S. health care industry are:

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Economics