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The United States Has Developed a Comparative Advantage in Digital

question 83

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The United States has developed a comparative advantage in digital computers,airliners,and many prescription drugs.The source of its comparative advantage in these products is


Definitions:

Total Product

The overall quantity of goods or services produced by a firm within a specific period.

Average Variable Costs

The total variable costs of production divided by the quantity of output produced.

Workers

Individuals engaged in any form of employment, contributing labor for the production of goods or services.

Units

Basic quantities or measures adopted to quantify and measure variables.

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