Year (in thousands) thousands) (in thousand 2000 282,434 142,583 5,692 2001 285,545 143,734 6,801 2002 288,600 144,863 8,378 2003 291,049 146,510 8,774

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Comparative Advantage and Absolute Advantage Analysis

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