Question: Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both true and not obvious. Since it's
Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious, we should practice with it a bit. In each of the cases, who has the absolute advantage at each task, and who has the comparative advantage?Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious, we should practice with it a bit. In each of the cases, who has the absolute advantage at each task, and who has the comparative advantage?
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