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Elza [17]
3 years ago
7

9) How do comparative advantage and absolute advantage differ?

History
1 answer:
xenn [34]3 years ago
8 0

Explain how absolute advantage and comparative advantage differ. Absolute advantage is the ability to produce a good using fewer inputs than another producer, while comparative advantage is the ability to produce a good at a lower opportunity cost than another producer (reflecting the relative opportunity cost).

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