Annie is an excellent baker and Sam has a plentiful farm. If Sam trades eggs and butter to Annie for some of Annie's bread and pastries, O only Sam is made better off by trade. O only Annie is made better off by trade. O both Sam and Annie are made better off by trade. O nether Sam nor Annie are made better off by trade.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.