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26 January, 21:43

Explain: "the united states can make certain toys with greater productive efficiency than can china. yet we import those toys from china." relate your answer to the ideas of adam smith and david ricardo.

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  1. 26 January, 22:38
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    The U. S. has an absolute advantage in producing toys, whereas China has a comparative advantage in producing toys. China does not need Adam Smith's absolute advantage of greater productive efficiency in toys, rather it needs David Ricardo's comparative advantage.
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