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21 Mar 2019
A political commentator makes the following statement: âThe idea that international trade should be based on comparative advantage of each country is fine for rich countries like the United States and Germany. Rich countries have educated workers and large quantities of machinery and equipment. These advantages allow them to produce every product more efficiently than poor countries can. Poor countries like Benin and Bolivia have nothing to gain from international trade based on comparative advantage.â Discuss this view.
A political commentator makes the following statement: âThe idea that international trade should be based on comparative advantage of each country is fine for rich countries like the United States and Germany. Rich countries have educated workers and large quantities of machinery and equipment. These advantages allow them to produce every product more efficiently than poor countries can. Poor countries like Benin and Bolivia have nothing to gain from international trade based on comparative advantage.â Discuss this view.
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Trinidad TremblayLv2
23 Mar 2019