"distinguish between an absolute advantage and a comparative advantage. cite an example of a country that has an absolute advantage and one with a comparative advantage.

Distinguish between an absolute advantage and a comparative advantage is discussed below.

Explanation:

Absolute advantage and a comparative advantage

Absolute advantage concentrates on the marginal cost of reproduction of an asset whereas comparative advantage characteristically concentrates on the opportunity cost of production. Trading judgments based on comparative advantage between nations are forever respectively advantageous.

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Z-gadgets has developed a mini-laptop that will be marketed in developing countries. it is estimated that the requirement for the new product will start out slow and accelerate as the product becomes increasingly familiar to worldwide consumers. to begin to staff the new production facilities, the company should conduct a(n):   demand forecast