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lovepink1122 lovepink1122
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A year ago
If two nations want to trade with one another, they can determine their respective comparative advantages by

▸ hiring economists to gather and interpret the relevant data.

▸ allowing firms in each country to freely engage in international trade.

▸ making certain that the prices of tradable goods and services are equal in both nations.

▸ first determining which has absolute advantage in the production of goods and services.

▸ computing the opportunity costs of all goods and services.
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Microeconomics

Microeconomics


Edition: 17th
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sherbiejr16sherbiejr16
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lovepink1122 Author
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A year ago
Thank you, thank you, thank you!
dianeflunder
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Brilliant ツ
vanna2014
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This calls for a celebration Person Raising Both Hands in Celebration
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