Explore BrainMass
Share

Explore BrainMass

    Comparative Advantage vs Absolute Advantage

    This content was COPIED 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 9, 2019, 11:32 pm ad1c9bdddf
    https://brainmass.com/economics/comparative-advantage/comparative-advantage-vs-absolute-advantage-259452

    Solution Summary

    Comparative Advantage vs Absolute Advantage is debated.

    $2.19