Countries with low labor productivity will not have a comparative advantage in the production of any good.
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Q40: Exhibit 29-2 Q41: The relative price of two goods (units Q42: The slope of a linear production possibilities Q43: The difference between production possibilities curves with Q44: Linear production possibilities curves explain why a Q46: Explain the difference between absolute and comparative Q47: When countries specialize in producing products in Q48: The slope of the pre-trade production possibilities Q49: If a country has an absolute advantage Q50: To measure the gains from trade, we![]()
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