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3) Illustrate the three steps of Ricardo's concept of Comparative Advantage, using the following example: Countries: France/Switzerland; Products: pharmaceuticals (100g pills)/ cheese (1 kg units);
3) Illustrate the three steps of Ricardo's concept of Comparative Advantage, using the following example: Countries: France/Switzerland; Products: pharmaceuticals (100g "pills")/ cheese (1 kg units); Production (i.e. labor) costs: 6 and 2 per unit for France, 9 and 4 per unit for Switzerland; Specialization: shift 12 workers in France and 36 workers in Switzerland
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China's Water Pollution Problems
Authors: Claudio O Delang
1st Edition
1317209257, 9781317209256
