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Comparative Advantage and the Gains from Trade

Comparative Advantage and the Gains from Trade. Outline. I. Assumptions II. Absolute Advantage A. Definition B. Example III. Comparative Advantage A. Definition B. Example. Outline. IV. Specialization A. Definition B. Example V. Terms of Trade A. Definition

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Crew 6 huts - PowerPoint PPT Presentation

Comparative Advantage and the Gains from Trade