Contents
- Is it possible to not have comparative advantage at anything?
- What countries have an absolute advantage?
- Is it true that a country needs to have an absolute advantage in the production of a good in order to benefit from trade in that good?
- What is the largest impact on opportunity cost?
- How do you identify comparative advantage?
- What if one country has absolute advantage in both goods?
- What are the limitations of comparative advantage?
- Can a country change its comparative advantage?
- What is an example of a comparative advantage?
- What is the difference between absolute advantage and comparative?
- Why does China have a comparative advantage over the US in the production of televisions?
- What does the Heckscher Ohlin theory explain?
Is it possible to not have comparative advantage at anything?
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