Explore BrainMass

Comparative Advantage vs Absolute Advantage

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Describe how comparative advantage is relevant for trade and how even when a country has an absolute advantage in both goods it can still gain from trade.

© BrainMass Inc. brainmass.com October 16, 2018, 11:29 pm ad1c9bdddf

Solution Summary

Comparative Advantage vs Absolute Advantage is debated.

Similar Posting

Absolute Advantage and Comparative Advantage

Define and explain the difference between absolute advantage and comparative advantage. What is the significance of each in international trade processes?

View Full Posting Details