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Question: You just overheard your friend say the following: "Poor countries like Malawi have no absolute advantages. They have poor soil, low investments in formal education and hence low-skill workers, no capital, and no natural resources to speak of. Because they have no advantage, they cannot benefit from trade." How would you respond?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93109177

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