본문 3장 복습문제 1,5번 복습 1) Q : Absolute
advantage, Comparative advantage Absolute advantage : The ability to produce
a good using fewer inputs than another producer. Comparing the productivity
of one person, firm, or nation 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. Comparative advantage : The ability to
produce a good at a lower opportunity cost than another producer. Describing
the opportunity cost of two producers.he producer who gives up less of other
goods to produce Good X has the smaller opportunity cost of producing Good X and
is said to have a comparative advantage in producing it 복습 5) Q :
Trade. The gains from specialization and trade are based not on absolute
advantage but on comparative advantage. When each person specializes in
producing the good for which he or she has a comparative advantage, total
production in the economy rises. This increase in the size of economic pie can
be used to make everyone better off. The principle of comparative advantage
establishes that there are gains from specialization and trade. Trade can
benefit everyone in society because it allows people to specialize in activities
in which they have a comparative advantage.
본문내용 a positive
and normative statement. 3장 복습문제 1,5번 복습 1) Q : Absolute advantage,
Comparative advantage Absolute advantage : The ability to produce a good
using fewer inputs than another producer. Comparing the productivity of one
person, firm, or nation 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 t
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