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Discussion on absolute advantage theory.

Create an ex of absolute advantage model by 'choosing two countries and two products

Evalute the transition from autarky to trade in your diagram label the trade flows, and demonstrate the gains from trade.

 

Rice

Steel

U.S

10

20

Canada

20

10

 

1868_absolute advantage theory.jpg

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917986

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