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Question: The theory of comparative advantage may be applied to a country's output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage due to various factor endowments. Investigate an example of a comparative advantage of a country which is not a natural resource, and has been further augmented by additional investment in national infrastructure or education.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92465090
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