What should the government of the country specializing

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Reference no: EM133363849

Question:

Which country has comparative advantage in which product in this example? How do you know this?

What should the government of the country specializing in the agricultural product do to help modernize the country?

Automobiles palm oil

(cost per car) (cost per kilo)

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United Kingdom $15,000 $25

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Malaysia $30,000 $10

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The numbers are the cost to produce each product with complete specialization.

Reference no: EM133363849

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