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July 30, 2015

Homework Help: AP Economics

Posted by Johanna on Thursday, January 20, 2011 at 10:44am.

Which economic question does the decision to produce butter instead of guns answer?
1.What to produce?
2.How to produce?
3.For whom to produce?
4.Who has a comparative advantage in gun production?
5.Who has an absolute advantage in butter production?

I am a little confused on this question. I am stuck between the answer (3) and (5). I would appreciate any help. Thanks

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