Thomas Edison Eco111 forum 2
Question # 00082496
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Updated on: 07/15/2015 03:38 PM Due on: 07/30/2015
Discussion Forum #2
Describe goods and/or services in the provision of which you have an absolute advantage. Explain what that advantage is. Describe goods and/or services in the provision of which you have a comparative advantage (what do you give up less of?) Explain what that advantage is. What is your advantage when you trade for those goods and services you do not have an absolute advantage in? Now select a country and do the same analysis for that country. What differences are there in applying the principles at the national level?
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Solution: Thomas Edison Eco111 forum 2