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27-11-2022
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What is the difference between comparative advantage and absolute advantage?

Answers:
A country has a comparative advantage if they have a lower opportunity cost of production whereas they have an absolute advantage if they can produce more than the other country
A country has a comparative advantage if they have a lower monetary cost of production whereas they have an absolute advantage if they can produce more than the other country
A country has an absolute advantage if they have a lower monetary cost of production whereas they have a comparative advantage if they can produce more than the other country

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can you help me solve this please