What is the difference between absolute advantage and comparative advantage? If a country has an absolute advantage

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What is the difference between absolute advantage and comparative advantage? If a country has an absolute advantage in producing a good, will it always be an exporter of that good? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Aug 21, 2019 09:58 AM

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What is the difference between absolute advantage and comparative advantage? If a country has an absolute advantage

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Absolute advantage is the ability to produce more of a good or service than competitors usi...View the full answer

Economics

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