Comparative Advantage Simplified - IB/AP/College - ReviewEcon.com
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Comparative Advantage Simplified - IB/AP/College - ReviewEcon.com
Learn how to calculate comparative advantage and terms of trade using inputs, outputs, or production possibilities curves. Also learn the definition of Absolute Advantage. These concepts appear in Microeconomics and Macroeconomics so you better practice them. Study and earn a 5 on the AP Economics Exams!
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