Business, 10.09.2021 23:00 ilovemilk1981

2) Check all the true statements about comparative advantage, absolute advantage, and
the Theory of Comparative Advantage.

It is possible for someone to have an absolute advantage in everything.

It is possible for someone to have a comparative advantage in everything.

People should specialize
in producing what they have an absolute advantage for.

People should specialize in producing what they have a comparative advantage for.

Countries should export the things they have a comparative advantage in.

Countries should import
the things they have a comparative advantage in.

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2) Check all the true statements about comparative advantage, absolute advantage, and
the Th...

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