absolute advantage in a sentence
1) This theory expanded on the concept of absolute advantage .
advantage collocations
2) In contrast, another country may not have any useful absolute advantages .
3) Why does the United States have an absolute advantage in both goods?
absolute advantage example sentences
4) Among the least complex wants, high-skilled workers have a constant absolute advantage .5) Comparative advantage focuses on the relative productivity differences, whereas absolute advantage looks at the absolute productivity.
6) Adam Smith displays trade taking place on the basis of countries exercising absolute advantage over one another.
7) Absolute advantage meant greater efficiency in production, or the use of less labor factor in production.
8) Even though Miranda clearly has the absolute advantage in both skill sets, should she do both jobs?
9) If financial or labor resources can move between countries, then comparative advantage erodes, and absolute advantage dominates.
10) But even countries that do not have any absolute advantages can benefit from international trade; see comparative advantage .
11) LIU First of all, this exercise was undertaken at a point when the U. S. had an absolute advantage .
12) When these advantages were threatened, a Pirate class schemed to gut the world system in order to secure absolute advantage .
13) Adam Smith claimed that a country should specialise in, and export, commodities in which it had an absolute advantage .
14) This allows for countries to benefit from trade even when they do not have an absolute advantage in any area of production.
15) David Ricardo, working in the early part of the 19th century, realised that absolute advantage was a limited case of a more general theory.
example sentences with absolute advantage
16) Black air max kids In fact, Dong Zailing this time has to be dead, Tang Kaipeng now occupies the absolute advantage , or what Doesn't mean anything.17) Womens air max UK Indeed in the chaos of territory, Tang Kaipeng is now completely occupy the absolute advantage , there is no need to go to adventure.
18) Absolute advantage .
19) At low levels of productivity, and hence income, only the wants for which high-skilled workers hold a constant absolute advantage are satisfied.
20) Countries don't have absolute advantages in many areas of production or services and, in fact, the factors of production aren't neatly distributed between countries.
21) Ricardo reasoned that even if Country A had the absolute advantage in the production of both products, specialization and trade could still occur between two countries.
22) The challenge to the absolute advantage theory was that some countries may be better at producing both goods and, therefore, have an advantage in many areas.
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