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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 17
Circle the letter that corresponds to the best answer. In order for trade between two countries to take place, __________.
A) absolute advantage is necessary
B) comparative advantage is necessary
C) both absolute and comparative advantage are necessary
D) neither absolute nor comparative advantage is necessary
A) absolute advantage is necessary
B) comparative advantage is necessary
C) both absolute and comparative advantage are necessary
D) neither absolute nor comparative advantage is necessary
Explanation
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Comparative advantage is defined as the ...
Macroeconomics 11th Edition by Stephen Slavin
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