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Come up with3 products or servicesthat are traded between countries and are a good example of theory of comparative advantage. ( a theory which, advocates
Come up with3 products or servicesthat are traded between countries and are a good example of theory of comparative advantage. ( a theory which, advocates that every country must concentrate their efforts on where it has the most productive capacity and thereby begin to commercialize these products among themselves.)
For eachexample:
(a)Identify the countries involved;
(b)Which country has the absolute advantage? Why?;
(c)Which country has the comparative advantage? WHY?
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