Countries with high wages cannot export to low wage countries.
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Q22: The notion that in a world with
Q23: A country must have comparative advantage in
Q24: A country must have absolute advantage in
Q25: According to the classical theory of international
Q26: Comparative advantage is determined by
A)actual differences in
Q28: Comparative advantage is determined by the relative
Q29: If country A has a larger trade
Q30: Answer the question(s)below based on the
Q31: In the classical model,the direction of trade
Q32: The various bundles of goods that a
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