What is the difference between an absolute and a, Management Theories

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What is the difference between an absolute and a

Question: 1. Why do firms engage in international trade?

2. What is the difference between an absolute and a comparative advantage in international trade? How are both types of advantages related to the concept of specialization?

3. What is a favorable balance of trade? In what way is it " favorable"?

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Management Theories: What is the difference between an absolute and a

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