Country Z Can Produce Pig Iron (An Intermediate Product in the Iron

question 106

Multiple Choice

Country Z can produce pig iron (an intermediate product in the iron industry which is also called crude iron) more efficiently than any other country.Which type of advantage in pig iron does Country Z have?

• A)Absolute advantage
• B)National competitive advantage
• C)Comparative advantage
• D)Trade balance advantage
• E)Resource advantage

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