Assume that you were a small country, what would you rather have a comparative or absolute advantage
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Gains from trade depend on the comparative advantage concept not on absolute advantage concept So if a country has absolute advantages in both the goo...View the full answer
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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