PS 7- Comparative Advantage

PS 7- Comparative Advantage - Absolute gainthe size of the...

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November 18, 2009 Comparative Advantage: National specialization (or international division of labor) Efficiency gains by producing a good or service at a lower marginal cost and opportunity cost than another country
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Unformatted text preview: Absolute gainthe size of the pie grows Problems: Not willing to do comparative advantage if it takes away from military resources (Realist) national security Labor/people...
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