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how to calculate absolute advantge
Q. Albania refused to engage in international trade for ideological reasons. To maximize its economic welfare it could choose to produce at which point in the diagram above? Sup
Describe International Trade Theory?
Q. Using an equation, explain why governments prefer to avoid excessive current account surpluses. Answer: This pursue from the national income identity S = CA + I which says
Road,railway,air and shlping transportation
what do you understand by (reciprocal demand)offer curve
What are the reasons behind the growing importance of services in trade ?
diagram
Critically evaluate the theory and outline the necessary assumptions for the theory to hold in it''s purest form
Q. Why is the H.O. model called the factor-proportion theory? Answer: The H.O. model survey the limitations and the nature of presumptuous that the sole determinant of compar
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