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QUESTION

Describe goods and / or services in the provision of which you have an absolute advantage. Explain what that advantage is.

Describe goods and / or services in the provision of which you have an absolute advantage. Explain what that advantage is. Describe goods and / or services in the provision of which you have a comparative advantage. (What do you give up less of?) Explain what that advantage is. Now select a country and do the same analysis for that country. What differences are there in applying the principles at the national level?

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