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Discuss comparative advantages and engage in trade

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Reference no: EM131709496

An individual or country may have absolute advantage is in producing several products and services whereas others may have comparative advantages give an example in which one person has absolute vantage and doing two things but another person has a comparative advantage in doing one of the task will both individuals benefit if they specialize in a test based on their comparative advantages and engage in trade?

Reference no: EM131709496

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