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Advanced Placement (AP)Advanced Placement (AP)
8 January, 05:25

What role does comparative advantage play in trade and global markets?

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  1. 8 January, 05:48
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    Countries would be able to increase their productivity for the services with comparative advantage. A country then can sell products they produce efficiently and also would buy from other nations the products that they cannot produce. The comparative advantage can lose if there are competitors operating in a low wage country.
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