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Artyom0805 [142]
3 years ago
9

discuss the difference between absolute and comparative advantage. Identify an example of how comparative advantage prompts trad

e.
Social Studies
1 answer:
Dafna11 [192]3 years ago
6 0
Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another. Even if one country has an absolute advantage in producing all goods, different countries could still have different comparative advantages
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