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Comparative Advantage, Exchange Rates, and Globalization 1) List the 3 determinants of the terms of trade. 2)list 2sources of U.S.comparative advantage. 3)Discuss howa layperson'sview of

Comparative Advantage, Exchange Rates, and Globalization

1) List the 3 determinants of the terms of trade.

2)list 2sources of U.S.comparative advantage.

3)Discuss howa layperson'sview of trade differs from the view of economists. List and explain at least two examples

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