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Concept explainers
This answer covers the theory of comparative advantage and how it’s applied in trade
Concept Introduction:
Comparative Advantage: In a trade, a country has
Export: It is the amount of good which is demanded by the people of a foreign country and supplied by the domestic country.
Import: It is the amount of good which is demanded by the people domestic country and supplied by a foreign country.
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Chapter 5 Solutions
MACROECONOMICS(LL)W/SAPLING
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