3 years ago

Which relationship best illustrates a comparison of absolute advantage and comparative advantage?

2 answers:

7 0

The best way to illustrate the relationship of the comparison is a country using a comparative advantage can create a merchandise at a smaller opportunity cost, even though a different country has an absolute advantage in the manufacture of all those goods.

Sedaia [141]3 years ago

5 0

A country with a comparative advantage can produce a product at a lower opportunity cost, even if another country has an absolute advantage in the production of all goods.

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