Consider the preferences represented by the following indifference curves. These preferences are (check all that apply - if there is not enough information to confirm that one of these applies, leave it uncheck good 2 good 1 Select one or more: Oa Monotone b. Strongly monotone □c. Convex Od. Strictly convex None of the above

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Comparative Advantage and Absolute Advantage Analysis

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