The recession of 2007-2009 caused General Motors' sales to decline by A. 65 percent; 50 percent greater OB. 25 percent; 10 percent lower OC. 90 percent; 60 percent greater OD. 50 percent; 40 percent lower and by 2015 its sales were than they had been in 2009.

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Comparative Advantage and Absolute Advantage Analysis

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