comparative advantages

Related BrainMass Solutions

• Comparitive advantage and free trade

  Concept of comparative advantage indeed prove the advantages of free trade to both countries involved in a transaction.

• Discussing Comparative Advantage

  What can individuals do to create comparative advantages to better compete in a global market? 1. What is comparative advantage?

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  absolute advantages which provide the basis for trade. b. comparative advantages which provide the basis for trade. c. absolute and comparative advantages which are both needed to determine specialization patterns. d.

• law of comparative advantage in international trade

  Athletes and movers both gain by concentrating in their own areas of comparative advantage. It is important to notice that, in these last two examples, absolute advantages do not translate into comparative advantages.

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• comparative advantage

  The economic principle of comparative advantages is utilized.

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  What might be some advantages and disadvantages of adding debt to the capital structure? b-Give some examples that illustrate how seasonal factors might distort a comparative ratio analysis.

• absolute and comparative advantage

  Comparative advantages Explain the difference between absolute and comparative advantage. A country has an absolute advantage in the production of a good if it can produce more of the good with a fixed amount of resources than can any other country.