if a nation has a comparative advantage in the production of x, this means the nation: group of answer choices must give up less of other goods than other nations in producing a unit of x. has a production possibilities curve identical to those of other nations. is not subject to increasing opportunity costs. cannot benefit by producing and trading this product.

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21-11-2022
Business

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if a nation has a comparative advantage in the production of x, this means the nation: group of answer choices must give up less of other goods than other nations in producing a unit of x. has a production possibilities curve identical to those of other nations. is not subject to increasing opportunity costs. cannot benefit by producing and trading this product.

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tutorconsortium402 tutorconsortium402 · Answer 1 · 2022-11-24T18:24:09+01:00

If a nation has a comparative advantage in the production of x, this means the nation must give up less of other goods than other nations in producing a unit of X.

What is Production?

The process of creating or manufacturing goods and products from raw materials or components is known as production. In other words, production takes inputs and transforms them into a consumable output - a good or product of value to an end-user or customer.

Basic production systems are classified into three types: batch systems, continuous systems, and project systems. General-purpose equipment and methods are used in the batch system to produce small quantities of output (goods or services) .

Development, pre-production, production, post-production, and distribution are the five stages of film production. Each phase serves a distinct purpose, with the overarching goal of progressing to the next and, eventually, distribution. Each stage is different in length, and different roles are appropriate for each stage.

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