Comparative Advantage
Comparative Advantage
Comparative Advantage
SHOW LESS
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Comparative</strong> <strong>Advantage</strong><br />
We focus on those things where our opportunity costs are<br />
relatively smaller than our neighbor. They may have an<br />
absolute advantage, but everyone is better off if they<br />
specialize in their relative strength.<br />
Country<br />
A<br />
B<br />
Soybeans 3 12<br />
Textiles 6 8
Change language