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Theory of comparative advantage

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Reference no: EM131613517

Analyze the gains from trade with the aid of the theory of comparative advantage.

Understand the arguments used to justify trade restrictions and critically appraise them.

Construct a country's balance of payments accounts showing the relationship between a current account deficit/surplus and a capital account deficit/surplus.

Isolate the factors that determine exchange rates and explain why the value of the dollar fluctuates.

Apply the AD/AS model to the understanding of expansionary and contractionary monetary policies.

Reference no: EM131613517

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