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1/ Explain the theory of comparative advantage. 2/ How realistic are the assumptions of this theory? (Give an example: 2 countries produce 2 goods) 3/
1/ Explain the theory of comparative advantage.
2/ How realistic are the assumptions of this theory? (Give an example: 2 countries produce 2 goods)
3/ What are the implications for international trade of your results? (Should give an example whether the country impose tariffs, whetherthe country impose quotas)
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