Contents
- What does it mean when a country has an absolute advantage?
- What does it mean for a country to have comparative advantage over another country?
- Does the US have an absolute advantage?
- Which country has the absolute advantage in bananas?
- Can a country survive without trade?
- Can two countries have absolute advantage?
- What country has an absolute advantage?
- Who has absolute advantage?
- What country has an absolute advantage in coffee production?
- What’s an example of absolute advantage?
- Does Canada have an absolute advantage?
- In what circumstances might a country not benefit from trade with another country?
- When a country can produce more than another country?
- How can a country gain from specialization and trade?
- Why is absolute advantage important?
What does it mean when a country has an absolute advantage?
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