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  • John Stuart Mill introduced _________into the model #371
  • A country has an absolute advantage in the production of a good relative to another country if it can produce the good at lower cost or with ______ productivity #372
  • A country has a comparative advantage in the production of a good if it can produce that good at a ___________ opportunity cost relative to another country. #373
  • We assume a ________ economy. This means that no money is used to make transactions. #374
  • ___________cost is defined generally as the value of the next best opportunity. #375
  • Labor productivity is defined as the quantity of __________ that can be produced with a unit of labor. #376
  • Marginalism led to a new theory which was called #377
  • Generically, the classical economists gave us an idea of the race between the increase of the population and ____________, with an uncertain winner. #378
  • Labor is a mobile factor that can move between sectors, these other factors are assumed to be ____________________. #379
  • The production function tells us the quantity of cloth that can be produced given any input of capital and_________. #380
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