Which of the utility functions shown below would represent two goods that are substitutes? OA. U = x1²x2-3 B. U = min{x1, 2x2} Q C. U = x1 + X2 OD. U = x1 1/2 + x2

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Comparative Advantage and Absolute Advantage Analysis

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