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The top documents tagged [absolute advantagewhen]
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AP Macroeconomics
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1 CHAPTER I INTRODUCTION TO INTERNATIONAL TRADE Classical Theories of International Trade –Mercantilism –Absolute Advantage –Comparative Advantage
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T RADE. W HY DO PEOPLE TRADE ? We specialise in the activity we are best at. Then we trade the surplus we create, for goods and services we want and need
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Why do countries trade with each other? Every country in the world has a limited amount of resources
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