If discussing trade, it is ____ which matters, rather than ____. absolute advantage; comparative advantage

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When discussing trade, it is comparative advantage that matters, rather than absolute advantage. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than another producer. Absolute advantage, on the other hand, refers to the ability to produce more of a good or service than another producer with the same amount of resources. While absolute advantage is important, it is not the sole determinant of trade patterns.

If Discussing Trade, It Is ____ Which Matters, Rather Than