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Sagot :
This scenario better illustrates the concept of absolute advantage, as both countries are specialized in one product.
What is the absolute advantage?
It is an economic approach that helps to understand how a country's specialization in the production and sale of a product and service helps economic development, as there can be trade between countries with different specializations, generating funds obtained from the export of goods.
Therefore, absolute advantage helps countries to trade and develop economically.
Find out more about absolute advantage here:
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