What economic policies will strengthen comparative advantage

Reference no: EM133236222

Question - Absolute Advantages and Comparative Advantages of the UK and the USA Discussion

Over the years, economic theories have developed to provide the current framework for the basis of trade, terms of trade, and gains from trade. For this week's discussion, please:

Select two countries of your choice other than Saudi Arabia and appraise their absolute advantages.

Then, compare and contrast these countries' comparative advantage(s).

What economic policies will strengthen the comparative advantage of these two countries?

Will the global supply contribute to an expansion or a contraction of the comparative advantage. Why?

Reference no: EM133236222

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