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      Theories of International Trade

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      Theories of International Trade (31.08Mb)
      Date
      2021-02-24
      Author
      Wardani, Dyah Titis Kusuma
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      Abstract
      Absolute Advantage in individual level - exists when a person can produce more of a certain good/service than someone else in the same amount of time (or can produce a good using the least amount of resources). In national level, absolute advantage exists when a country can produce more of a good/service than another country can in the same time period. Comparative Advantage is a person or a nation has a comparative advantage in the production of a product when it can produce the product at a lower domestic opportunity cost than can a trading partner.
      URI
      http://repository.umy.ac.id/handle/123456789/36260
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