经济全球化与国际贸易.docxVIP

全球化与国际贸易 结课作业汇呈 [键入作者姓名]  1.Compare and contrast the ideas of absolute advantage and comparative advantage Absolute advantage is when a producer can produce a good using less resources than their competitor(s), whereas comparative advantage is when a producer does not hold the absolute advantage but their ratio in producing a good is smaller.Example:Brian can type 30 words per minute and iron 10 shirts per house.John can type 15 words per minute and iron 8 shirts per hour.Though Brian has the absolute advantage in ironing, John has the comparative advantage. Difference: There are many si