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    International Economics Study Set 12
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    Exam 2: Foundations of Modern Trade Theory Comparative Advantage
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    The Principle of Absolute Advantage Asserts That Mutually Beneficial Trade
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The Principle of Absolute Advantage Asserts That Mutually Beneficial Trade

Question 133

Question 133

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The principle of absolute advantage asserts that mutually beneficial trade can occur even if one nation is absolutely more efficient in the production of all goods.

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