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Explain the difference between macroeconomics and microeconomics (provide examples). Explain the difference between absolute and comparative advantage (provide examples). Explain advantages and disadvantages of international
- Explain the difference between macroeconomics and microeconomics (provide examples).
- Explain the difference between absolute and comparative advantage (provide examples).
- Explain advantages and disadvantages of international trade for developed and underdeveloped nations (provide examples).
- What are various reasons that nations establish and enforce trade restrictions (you can provide past and present examples)?
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