Find B 1-03 A = B1-(1+0.12) Given -5 (1+0.-12) 2] + [-CI +1 0.12 A = by 8 [1-0 1-CI+ 1-(1+0.12) 0.12 A is'. 1.63 explain briefly "] B +B

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.