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4. Use the table to answer the questions: Japan Malaysia Cars 3 cars 0.5 cars Steel 3 tons 1 ton Discuss the absolute and comparative

4. Use the table to answer the questions:

Japan Malaysia Cars 3 cars 0.5 cars

Steel 3 tons 1 ton

Discuss the absolute and comparative advantage for each good. Should Japan and Malaysia trade? If yes, then what goods and what would be a price of trade?

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University Physics with Modern Physics

University Physics with Modern Physics

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