ECON8305docx (213).pdf - e i10 icans 221 iChapter...

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e. i 10 i cans 221. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Questi78 i Figure i 2-11 nar011-1.jpg In i Figure i 2-11, i if i trade i occurs, i what i is i the i least i Korea i is i willing i to i accept i for i 1 i unit i of i food? *a. i 1 i can b. i 2 i cans c. i 1/2 i can d. i 20 i cans e. i 10 i cans 222. i Chapter i 2 Choice, i Opportunity i Costs, i and i Specialization i Questi79 i Which i of i the i following i is i the i best i definition i of i comparative i advantage? a. i The i ability i to i produce i a i good i or i service i at i a i higher i opportunity i cost i than i someone i else b. i The i ability i to i sell i more i goods i or i services i than i anyone i else, i regardless i of i the i price c. i The i ability i to i produce i all i goods i and i services i better i than i anyone i else *d. i The i ability i to i produce i a i good i or i service i at i a i lower i opportunity i cost i than i someone i else e.

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