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A country has specialized in raising beef, allowing it to produce more beef
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Business, 19.11.2020 14:00 axiabarbie
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A country has specialized in raising beef, allowing it to produce more beef
than its trading partners. Which phrase best describes this situation?
O A. The country creates a trade surplus when trading beef.
O B. The country creates a trade deficit when trading beef,
C. The country has a comparative advantage producing beef.
O D. The country has an absolute advantage producing beef.
Answers: 3
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