The law of comparative advantage makes a lot of simplifying assumptions. How valid are these assumptions? Do

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The law of comparative advantage makes a lot of simplifying assumptions. How valid are these assumptions? Do they limit the model's usefulness in explaining trade?

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Principles Of International Political Economy

ISBN: 9780199796182

1st Edition

Authors: Mark Hallerberg, Jeffrey Kucik, Bumba Mukherjee

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Question Posted: Oct 21, 2024 07:04 AM

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The law of comparative advantage makes a lot of simplifying assumptions. How valid are these assumptions? Do they limit the model's usefulness in explaining trade?
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The law of comparative advantage makes a lot of simplifying assumptions. How valid are these assumptions? Do

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Principles Of International Political Economy

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