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International Trade
Problems
Problem 1.1:
Why should countries trade?
[Solution]
Problem 1.2:
Explain absolute advantage.
[Solution]
Problem 1.3:
Explain comparative advantage.
[Solution]
Problem 1.4:
Who should produce goods when using trade advantages as
criteria?
[Solution]
Problem 1.5:
What is an opportunity cost?
[Solution]
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