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10 questions from this quiz
Maximize exports & minimize imports
Producing more output w/ same resources
Countries w/o absolute advantage can't trade
Goods w/ lower opportunity cost
20050=4\frac{200}{50} = 450200=4 grapes
Australia (lower opportunity cost)
No, impossible by definition
Consume beyond their PPC
Buy more imports w/ given exports
Labour can't move easily between industries
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