Q How gains from specialization on absolute advantage is different from comparative cost advantage of international trade. Which one is more important for trade?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter12: Managing Economic Exposure And Translation Exposure
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Q
How
gains
from
specialization on absolute
advantage is different from
comparative
cost
advantage of international
trade. Which one is more
important for trade?
Transcribed Image Text:Q How gains from specialization on absolute advantage is different from comparative cost advantage of international trade. Which one is more important for trade?
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