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Could you have both a comparative and absolute advantage

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Reference no: EM1340315

Would you rather have a comparative or absolute advantage?

If you were President of the US and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading? Can you have both a comparative and absolute advantage in trading? If so, what if at all would be the benefit for your country to trade with any other country?

 

Reference no: EM1340315

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