Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Question
Chapter 8, Problem 11Q
To determine
Reasons making open trade controversial.
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Under what conditions does comparative advantage lead to gains from trade?
Assume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.
Chapter 8 Solutions
Microeconomics (2nd Edition) (Pearson Series in Economics)
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