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20 April, 05:02

True or false: if country b has an absolute advantage over country a in producing bicycles, it must also have a comparative advantage over country a i

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  1. 20 April, 05:24
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    This statement is false. An absolute advantage is the countries ability to carry out a certain economically advantageous activity better than another country or group while a comparative advantage is the ability to carry out an economic activity better and more efficiently than another activity.
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