3. The theory of comparative advantage, dating to David Ricardo in the nineteenth century, holds that specialization

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3. The theory of comparative advantage, dating to David Ricardo in the nineteenth century, holds that specialization and free trade will benefit all trading partners, even those that may be absolutely less efficient producers.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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