4.What does comparative advantage refer to?
It refers to a principle that when people specialize in what they do best and then trade their products for the other things they need, they will all be better off.
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What does “Pacific Century” refer to?
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What does the two floods refer to?
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What does the letter E refer to?
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What does the term "vintage" refer to?
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When one producer has a lower opportunity cost of production than another producer for a given item, what exists? A: Absolute disadvantage B: Comparative disadvantage C: Comparative advantage D: Absolute advantage