How are exchange rates evaluated find the importance of

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Why do nations trade? What is meant by the concept of "Comparative Advantage"? Could a nation be better off economically, if it practiced an isolation policy? How are exchange rates determined? What is the significance of currency devaluations to the home country? To other countries?

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How are exchange rates evaluated find the importance of : why do nations trade? what is meant by the concept of comparative advantage? could a nation be better off

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