Explain how does the concept of comparative advantage

Reference no: EM1340335

Comparitive advantage and free trade

Please answer specifically with details the following questions and for clarity, place my questions before each of your specific responses.

1. How does the "Concept of Comparative Advantage" actually "prove the advantages" of free trade to both countries involved in a transaction? Explain.

2. Are there economically justified reasons "to restrict" free trade? Explain.

Reference no: EM1340335

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