What Is Comparative Advantage?

Assume Country X has comparative advantage in the production ofclothing. If the value of this country’s currency increases,.a. its comparative advantage will decreaseb. its comparative advantage will stay the samec. its comparative advantage will increased. an absolute advantage will be created

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mechanical advantage explained (lever block and tackle ...

Comparative Advantage and Gains from Trade

SOLVED: The key reason why trade according to comparative advantage produces gains from trade is similar sizes of economies among nations. the existence of tariffs. different opportunity costs in production between countries. different net export positions between nations.

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