Chap03经济学理论曼昆讲义.pptVIP

* * 7 * * 11 * * * * 13 * * 14 * * 15 * * 16 * * 17 * * * * * * * * 7 * * 7 * * 7 Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc. Absolute Advantage Describes the productivity of one person, firm, or nation compared to that of another. The producer that requires a smaller quantity of inputs to produce a good is said to have an absolute advantage in producing that good. Harcourt, Inc. items and derived items copyright ? 2001 by Harcourt, Inc. Comparative Advantage Compares producers of a good according to their opportunity cost. The producer who has the smaller opport