1 explain how absolute advantage and comparative, Ask an Expert

Economics

1. Explain how absolute advantage and comparative advantage differ?

2. Give an example in which a person has an absolute advantage in doing some thing but another person has a comparative advantage .

3. Will a nation tend to export or import goods for which it has a comparative advantage? Explain.

4. Why do economists oppose policies that restrict trade among nations?

5. What are the different applications of comparative advantage?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9530375

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