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What are the benefits that are accrued to nature of trade

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Reference no: EM132617806

Consider a multi country, multi good model, in which a country having similar endowment in resources (either in capital, labor, land or any other resource) with one of its trading partner is engaged in trade. Taking an example from real life, identify the sector in which they trade and what would be the nature of this kind of trade/exchange. Under what trade theory this can be categorized and what are the benefits that are accrued to this nature of trade?

Reference no: EM132617806

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