What is the difference between an absolute and a comparative advantage in international trade? How are both

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What is the difference between an absolute and a comparative advantage in international trade? How are both types of advantages related to the concept of specialization?

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Business

ISBN: 978-0324829556

10th Edition

Authors: Willian M Pride, Robert J. Hughes, Jack R Kapoor

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Question Posted: Aug 15, 2012 04:06 AM

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What is the difference between an absolute and a comparative advantage in international trade? How are both

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Absolute advantage is the ability to produce a specific produc...View the full answer

Business

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