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In the Ricardian model, absolute advantage is defined as Having a steeper production possibility frontier
Having relative factor abundancy
Having higher relatively labor productivity
The capacity to produce more of the product given total factor endowment
Having higher labor productivity
Question 2
In the Ricardian model, a country has a comparative advantage in a good if it has ________ relative to its trading partner
higher labor productivity
a steeper production possibility frontier
higher factor abundancy
lower opportunity cost
greater factor intensity
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