Instructions: Round your responses to one decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Calculate the inflation rate for 1993–1994:| | % 1999–2000: | % 2006–2007: % 2016–2017: %

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.