Question: a) Distinguish between absolute advantage and comparative advantage. Would a country having absolute advantage in all production activities benefit from trade? b) Base on the

a) Distinguish between absolute advantage and comparative advantage. Would a country having absolute advantage in all production activities benefit from trade?

b) Base on the Figure below, comment on the following statement: "Home is capital-abundant, and has a comparative advantage in robot production. Through trade,everyonein each countries is better off".

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