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Strategies for Global Value Added: Gains Comparative advantage - page 10 / 30

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10

Comparative advantage

Find the productivity ratios for each good

England compared to France for each good:

Sweaters24/6 = 4

Bicycles:18/12 = 3/2

The productivity ratio for sweaters is greater than for bicycles

England compared to France is relatively more productive in sweaters than bicycles

England has a comparative advantage in sweaters

France has a comparative advantage in bicycles

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