9. (LO 2, 5) If comparative cost is the basis for trade, why are the developing countries

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9. (LO 2, 5) If comparative cost is the basis for trade, why are the developing countries (which have very low wage rates)

not the world’s greatest trading nations?

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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Question Posted: Nov 11, 2024 03:01 AM

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9. (LO 2, 5) If comparative cost is the basis for trade, why are the developing countries (which have very low wage rates) not the worlds greatest trading nations?
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9. (LO 2, 5) If comparative cost is the basis for trade, why are the developing countries

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Principles Of Macroeconomics

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