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Title: Consider two countries that can produce rice and other products. If neither country has an absolute ... Post by: ktpizzle1993 on Oct 16, 2022 Consider two countries that can produce rice and other products. If neither country has an absolute advantage in the production of rice,
▸ neither country can possibly have a comparative advantage in the production of rice. ▸ the opportunity cost of producing rice must be identical in the two countries. ▸ there is no possibility that either country will import rice from the other. ▸ then rice should not be produced. ▸ rice will still be traded as long as one of the countries has a comparative advantage in its production. Title: Consider two countries that can produce rice and other products. If neither country has an absolute ... Post by: shanej399 on Oct 16, 2022 Content hidden
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