A World Trade Organization (WTO) publication calls comparative advantage arguably the single most powerful insight in economics.

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A World Trade Organization (WTO) publication calls comparative advantage "arguably the single most powerful insight in economics." What is comparative advantage? What makes it such a powerful insight?

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Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Nov 01, 2017 07:01 AM

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A World Trade Organization (WTO) publication calls comparative advantage arguably the single most powerful insight in economics.

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Comparative advantage is the ability of an individual a firm or a country to produce a good or s...View the full answer

Microeconomics

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