Microeconomics (Christopher T.S. Ragan) (z-lib.org)

(unwaged) #1

Even though a country may have an absolute advantage in all goods (as
Canada does in Table 32-1 ), it cannot have a comparative advantage in
all goods. Similarly, even though a country may be inefficient in absolute
terms and thus have an absolute disadvantage in all goods (as is the case
for the EU in Table 32-1 ) it cannot have a comparative disadvantage in



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