International Economics
International Economics
16th Edition
ISBN: 9781305887633
Author: Robert Carbaugh
Publisher: Cengage Learning
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Chapter 1, Problem 6SQ
To determine

The international competitiveness.

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How can you say that a country participates in the global market?
Compare and explain absolute and comparative advantage by giving examples.  What is international economics about ? What can a country gain from trade ? Explain by giving examples.
Explain how is the production structure (i.e. which goods are produced) affected in each country by opening up to trade. Is this consistent with the empirical evidence we observe in reality? How can this model be modified to produce a less stark result?
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