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A politician makes the following statement: The US has a lot of resources, the best technology, and a very productive workforce. There is no need
A politician makes the following statement:
The US has a lot of resources, the best technology, and a very productive workforce. There is no need for us to engage in trade with other countries. We should be self sufficient and leave all production to US producers.
Please respond to the politicians statement. Make sure to include some mention of comparative advantage in your answer.
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