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Several politicians and pundits argue that the principle of comparative advantage works in theory but not in practice. Some of these pundits come from the
Several politicians and pundits argue that the principle of comparative advantage "works in theory but not in practice." Some of these pundits come from the far left of the political spectrum while others come from the far right. They all argue that the assumptions on which the principle of comparative advantage rests don't hold in the real world, and thus, that economists' economic case for free trade doesn't work for the real world. Do you agree with this argument? Explain
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