What is the difference between absolute and comparative


1. What is the difference between absolute and comparative advantage theory of trade?

2. According to comparative advantage theory applied to two nations. is there a range in which trade would be gainful in terms of relative productivity and what determines this range?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: What is the difference between absolute and comparative
Reference No:- TGS0942389

Expected delivery within 24 Hours