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Explain the opportunity costs of buying international items

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Question: Suppose you live in south Africa and have the option to buy proudly south African products or international brands. With refence to the circular flow of goods and services and circular flow of income and spending between households, firms' government and the foreign sector, provide an explanation as to why it is better to purchase the proudly south African products. Also explain the opportunity costs of buying international items instead of those produced locally.

Reference no: EM133599818

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