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Please help with the following international trade question: (10) Please state a potential problem in the event that a country strictly optimizes its production (i.e.,
Please help with the following international trade question:
(10) Please state a potential problem in the event that a country strictly "optimizes" its production (i.e., specializes totally in one product) as the Ricardian model would suggest in certain circumstances (i.e., with certain relative prices). Explain in 100 words or lessStep by Step Solution
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