Advanced Placement (AP), 25.12.2019 19:31 queenjanet46

Match the correct economic term with each scenario.

absolute advantage
currency appreciation
currency depreciation
outsourcing
specialization
comparative advantage

a country contracts with another company to design its website.

one unit of a currency buys more units of another currency than it did previously.

lisa can produce more pens than tim with the same number of inputs.

a country or an individual concentrates all its productive efficiency on producing limited goods.

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Match the correct economic term with each scenario.

absolute advantage
currency ap...