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1.The comparative advantage developed by David Ricardo was discussed during this course. Use this theory to formulate answers the following questions.Use scholarly resources to justify
1.The comparative advantage developed by David Ricardo was discussed during this course.
Use this theory to formulate answers the following questions.Use scholarly resources to justify your rationale:
a.Compare and contrast absolute advantage and comparative advantage.
b.Explain when we would see countries importing items from another country that is less efficient at producing that item.
c.Do you agree that trade is beneficial to both countries? Explain.
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