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Author Question: Consider the gains from trade. What is the best definition of "absolute advantage"? (Read 86 times)

903f23fj0

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on: Oct 12, 2022
Consider the gains from trade. What is the best definition of "absolute advantage"?
◦ There will be no benefits from trade between two nations.
◦ Engaging in trade is always to the absolute advantage of one party to the transaction.
◦ Trade fosters the self-sufficiency of nations.
◦ A situation where one country can produce one unit of a given product with fewer resources than the other country.
◦ A situation where one country can produce one unit of all goods with fewer resources than can another country.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by 903f23fj0 on Oct 12, 2022

Sha

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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903f23fj0

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

yeungji

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Reply 3 on: Yesterday
Wow, this really help

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