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Social Studies, 18.09.2019 18:00 kateferguson9852
Which of the following is true about absolute advantage principle? this is the only approach that can be used to explain why nations attempt to run a trade surplus. according to this approach, enhanced product specialization adversely affects communal welfare. this approach explains the process by which firms acquire and retain one or more value-chain activities inside the firm. this approach allows the nation to consume more than it otherwise could, generally at lower cost.
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Which of the following is true about absolute advantage principle? this is the only approach that c...
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