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Looking at the UK's recent departure from the EU,consider how this may impact onthe following products: French Red Wine Greek Olives German cars Mention comparative
Looking at the UK's recent departure from the EU,consider how this may impact onthe following products:
French Red Wine
Greek Olives
German cars
Mention comparative and absolute advantage,specialisation and opportunity cost.
you need to add some clear details on theory. Link clearly to opportunity costs, specialisation, and the theories of absolute and comparative advantage. You could add a table to explain how these theories work and link them to two of the example goods.
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