3 ms·
I can't speak to the definition but I think I've always seen comparative advantage covered in micro textbooks rather than macro textbooks.
by Symmetry 11y ago
I can't speak to the definition but I think I've always seen comparative advantage covered in micro textbooks rather than macro textbooks.
- Retric 11y agoIt shows up in both. EX: Norway could grow bananas using greenhouses at great expense, but Norway is likely better off importing them in exchange for something else. Free trade only really applies between countries, so that's a macro economic issue.