Exam (elaborations)
International Trade and Money summary [Level A+] Questions and Answers
- Course
- Institution
Comparative Advantage - -The ability of a country to produce a g/s at a lower opportunity cost than competitors -Gains from trade - -The net benefits from entering into voluntary trade. Increases when countries specialize in g/s they have CA in -Autarky - -When a country does not trade with o...
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