The US can produce more of almost everything (US has an absolute advantage in the production of

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The US can produce more of almost everything (US has an absolute advantage in the production of most commodities). Yet we only produce some and trade with other countries. Why don't we produce everything? What do we gain from trade?

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Posted Date: Nov 30, 2018 09:32 AM

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The US can produce more of almost everything (US has an absolute advantage in the production of

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We do not have an absolute advantage in production Youre missing one ... View the full answer

Principles of Macroeconomics

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