when a country has an absolute advantage over another. Is that always true?РNo. Because in reality, it is not rare that one country has no absolute advantage in modity.РWho introduced the theory parative advantage? Which theory makes more sense, absolute parative advantage?РDavid Ricardo.РComparative advantage.РExplain briefly why trade to parative advantage promotes efficiency among countries.РSince it can make one country better off without making another worse off.Рparative advantage something static? Is it purely decided by the endowments of nature? Give examples to show the development parative advantage by certain countries.РComparative advantage is not a static concept. A country may develop a parative advantage purely through its own actions, independent of the endowments of nature
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