Absolute and comparative advantage (HL only)

IB Economics: Absolute and comparative advantage (HL only)

This page contains exercises on comparative and absolute advantage. These are paper three type in style and provide good practise for your classes. Students will often get the two terms confused and it is important to note that absolute advantage compares the ability of one country to produce a good or service over another nation while comparative advantage is a comparison of the different opportunity costs associated...

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