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Discuss the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns? Justify your answer. Explain the difference between change
- Discuss the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns? Justify your answer.
- Explain the difference between change in quantity demanded and a shift in demand. What causes changes in quantity demanded? What causes a shift in demand?
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
