GCU ECN351 Week 1 Discussion (dq1+dq2) Latest
Question # 00801993
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Updated on: 04/13/2021 08:51 AM Due on: 04/13/2021
GCU ECN351 Week 1 Discussion
DQ 1
If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labor, would it necessarily follow that the United States should specialize in television production? Why or why not?
DQ 2
Discuss the difference between absolute advantage and comparative advantage. Which is more important in determining trade patterns? Justify your answer.
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Solution: GCU ECN351 Week 1 Discussion (dq1+dq2) Latest