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6 Mar 2019
If there are two goods and two countries, then one country can have
a. an absolute advantage in both goods but a comparative advantage in only one good.
b. an absolute advantage in both goods and a comparative advantage in both goods.
c. an absolute advantage in neither good and a comparative advantage in both goods.
d. an absolute advantage in one good, an absolute disadvantage in the other good, and a comparative advantage in neither.
If there are two goods and two countries, then one country can have
a. an absolute advantage in both goods but a comparative advantage in only one good.
b. an absolute advantage in both goods and a comparative advantage in both goods.
c. an absolute advantage in neither good and a comparative advantage in both goods.
d. an absolute advantage in one good, an absolute disadvantage in the other good, and a comparative advantage in neither.
2 Jun 2021
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