1 what are the benefits of specialization of production2, Ask an Expert

Economics

1. What are the benefits of specialization of production?

2. What is an import? Export?

3. What does it mean if a country has an absolute advantage in production of a good over another?

4. What does it mean if a country has a comparative advantage in production of a good over another country?

5. What are some of the arguments in favor of international trade?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91929228

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