WHAT HAPPENES TO A COUNTRY WITHOUT SCIENTIST AND RESEARCHERS? WHAT IS THE DISADVANTAGE OF NOT HAVING ENOUGH INDUSTRY IN A COUNTRY? WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIES

WHAT HAPPENES TO A COUNTRY WITHOUT SCIENTIST AND RESEARCHERS? WHAT IS THE DISADVANTAGE OF NOT HAVING ENOUGH INDUSTRY IN A COUNTRY? WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIES

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: International Trade

Section: Chapter Questions

Problem 1.4P

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WHAT HAPPENES TO A COUNTRY WITHOUT SCIENTIST AND RESEARCHERS?

WHAT IS THE DISADVANTAGE OF NOT HAVING ENOUGH INDUSTRY IN A COUNTRY?

WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIES

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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?
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