Economy, asked by tluangic874, 14 hours ago

Criticisms of absolute advantage theory

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Answered by katiyarsudhir25

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Answer:

Answer:Criticisms against Absolute Advantage

Answer:Criticisms against Absolute AdvantageThe Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged. Such an assumption was significantly challenged when the trade, as well as the needs of nations, started increasing.

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