1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another person has a comparative advantage . 3. Will a nation tend to export or import goods for which it has a comparative advantage? Explain. 4. Why do economists oppose policies that restrict trade among nations? 5. What are the different applications of comparative advantage?     Posted Date: 3/20/2013 4:09:10 AM | Location : United States

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