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tiffany capella
on Nov 29, 2024

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The U.S.has an absolute advantage in the production of

A) beer.
B) pizza.
C) both beer and pizza.
D) neither beer nor pizza.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or offer a service at a lower cost per unit than the cost at which any other entity produces that good or offers that service.

Production

The process of creating goods and services by combining labor, materials, and technology.

Kegs

Large barrels used to store and transport liquids, especially alcoholic beverages such as beer.

  • Discern between absolute and comparative advantage as it pertains to global trading environments.
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Ricky and MichyDec 04, 2024
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