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Based on the Boudreaux reading on Comparative Advantage and the (two) Roberts readings titled Treasure Island: explain (1) the concept of comparative advantage, (2) why
Based on the Boudreaux reading on "Comparative Advantage" and the (two) Roberts readings titled "Treasure Island": explain (1) the concept of comparative advantage, (2) why the concept of comparative advantage is inseparable from the concept of opportunity cost, and (3) why the application of comparative advantage through specialization and trade (free exchange) increases the amount of income and wealth in an economy (or a business)
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