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Absolute Advantage Items USA UK Wheat (B/H) 6 3 Cloth (Y/H) 1 2 Comparative Advantage ( using opportunity costs Items USA UK Wheat (B/H) 6
Absolute Advantage
| Items | USA | UK |
| Wheat (B/H) | 6 | 3 |
| Cloth (Y/H) | 1 | 2 |
Comparative Advantage ( using opportunity costs
| Items | USA | UK |
| Wheat (B/H) | 6 | 2 |
| Cloth (Y/H) | 4 | 3 |
| - | - | - |
Q-1: What is the Basis of Trade?
Q-2: What are the Gains from Trade?
Q-3: Range for mutually beneficial trade (Along with on Proof)
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Public Personnel Administration And Labor Relations
Authors: Norma M Riccucci
1st Edition
1317461754, 9781317461753
