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  • 22-03-2019
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9) How do comparative advantage and absolute advantage differ?

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jaheimbarnett411
jaheimbarnett411 jaheimbarnett411
  • 22-03-2019

Explain how absolute advantage and comparative advantage differ. Absolute advantage is the ability to produce a good using fewer inputs than another producer, while comparative advantage is the ability to produce a good at a lower opportunity cost than another producer (reflecting the relative opportunity cost).

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