Assume that you were a small country, what would you rather have a comparative or absolute advantage

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Assume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Mar 01, 2017 01:23 PM

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Assume that you were a small country, what would you rather have a comparative or absolute advantage

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Gains from trade depend on the comparative advantage concept not on absolute advantage concept So if a country has absolute advantages in both the goo...View the full answer

Fundamentals of Financial Management

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