mahjoubiyoussef mahjoubiyoussef
  • 21-10-2020
  • Social Studies
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how is comparative advantage related to trade?

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Vibewithnamjoon
Vibewithnamjoon Vibewithnamjoon
  • 21-10-2020
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Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners. Comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in
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