Suppose two countries are composed of populations and resources that are identical, that is, there are no

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Suppose two countries are composed of populations and resources that are identical, that is, there are no comparative advantages that are apparent. Will these countries ever engage in trade, or will comparative advantages eventually come about? What would lead to the ultimate appearance of comparative advantages possessed by each country?

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Principles Of Microeconomics

ISBN: 9780812224177

1st Edition

Authors: Eugene Silberberg And Gregory Ellis

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