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1. Discuss the Classical Economic Theory. Give examples to explain the concept. 2. Describe the five economic stages of a country as told by Rostow.
1. Discuss the Classical Economic Theory. Give examples to explain the concept.
2. Describe the five economic stages of a country as told by Rostow.
3. Is absolute advantage a justification for international trade?
4. Explain the difference between Absolute Advantage and Comparative Advantage.
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