ECON8305docx (214).pdf - a iThe iindividual ifirm ior...

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a. i The i individual, i firm, i or i nation i will i specialize i in i production i of i the i good i or i service i that i has i the i lowest i rate i of i taxation. b. i The i individual, i firm, i or i nation i will i never i specialize i in i production i of i the i good i or i service i that i has i the i lowest i opportunity i cost. *c. i The i individual, i firm, i or i nation i will i specialize i in i production i of i the i good i or i service i that i has i the i lowest i opportunity i cost. d. i The i individual, i firm, i or i nation i will i specialize i in i production i of i the i good i or i service i that i has i the i highest i opportunity i cost. e. i The i individual, i firm, i or i nation i will i not i specialize i in i any i good i or i service, i regardless i of i opportunity i costs, i to i avoid i becoming i dependent i on i other i nations i and i preserve i its i self-sufficiency.

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