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Absolute Advantage, Comparative Advantage and Opportunity Cost
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This 3 page paper looks at the concepts of absolute advantage in comparative advantage comparing and contrasting the two. The paper then defines and discusses opportunity cost and considers the way in which this is seen with in international trade theory. The bibliography cites for sources.
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Pages:
3
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Filename:TS14_TEabadvtg.rtf |
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Paper Title:
Absolute Advantage, Comparative Advantage and Opportunity Cost
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