Econ Micro (book Only)
6th Edition
ISBN: 9781337408066
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 19, Problem 2P
To determine
The reason of
Concept Introduction
Absolute advantage: It is the advantage of a country to produce a good or service at a per unit cost that is lower than that of another country that produces the same good or service.
Comparative advantage: It is the ability of a country to produce goods and services at an
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