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Oxana [17]
3 years ago
15

"distinguish between an absolute advantage and a comparative advantage. cite an example of a country that has an absolute advant

age and one with a comparative advantage.
Business
1 answer:
xxTIMURxx [149]3 years ago
5 0

Answer:

Distinguish between an absolute advantage and a comparative advantage is discussed below.

Explanation:

Absolute advantage and a comparative advantage

  • Absolute advantage concentrates on the marginal cost of reproduction of an asset whereas comparative advantage characteristically concentrates on the opportunity cost of production.
  • Trading judgments based on comparative advantage between nations are forever respectively advantageous.

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