absolute and comparative advantage
2022年12月14日—Wheneachcountryhasaproductothersneedanditcanproduceitwithfewerresourcesinonecountrythaninanother,thenitiseasyto ...,Obviously,Californiahasanabsoluteadvantageinbothgoods,buttradebetweenthemisstillbeneficial.Toseehow,let'scalculatet...
Absolute vs. Comparative Advantage
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Absoluteadvantagereferstothesuperiorproductioncapabilitiesofanentity,whilecomparativeadvantageisbasedontheanalysisofopportunitycost.
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