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Anna [14]
3 years ago
14

Why would a country with abundant resources be better off trading than being sufficient? Be sure to use absolute and comparative

advantage to explain your answer.
History
1 answer:
SSSSS [86.1K]3 years ago
7 0

Absolute advantage is the ability to produce more or a given product using a given amount of resources. Comparative advantage is the ability to produce a product most efficiently given all the other products that could be produced. The country still needs to trade for goods and services where it does not have a comparative advantage.

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