4.1.3 Pattern of trade Flashcards
1
Q
What is comparative advantage?
A
The ability to produce a good better than another country.
2
Q
What is absolute advantage?
A
The ability for a country to produce more than another country.
3
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A
4
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5
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6
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7
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8
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9
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10
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11
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12
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13
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14
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15
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A
