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Author Question: Refer to Table 7-2. Select the statement that accurately interprets the data in the table. A) ... (Read 93 times)

Jkov05

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on: Jun 29, 2018
Refer to Table 7-2. Select the statement that accurately interprets the data in the table.
 
  A) Madison has an absolute advantage in making empanadas and tacos.
  B) Austin has an absolute advantage in making empanadas and tacos.
  C) Madison has an absolute advantage in making empanadas and Austin has an absolute advantage in making tacos.
  D) Madison has an absolute advantage in making tacos and Austin has an absolute advantage in making empanadas.

Question 2

What is an economic market?
 
  What will be an ideal response?


randomguy133

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

An economic market refers to a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade.


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