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Why is world trade rising faster than world output

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Reference no: EM13887884

1. Why is world trade rising faster than world output? Why is so much trade in manufactured goods?

2. Review your transactions in the marketplace over the last week. What is your compara- tive advantage?

3. Very few individuals are self-suf?cient and most engage in the marketplace. Why then do so many people not accept the theory of comparative advantage?

Reference no: EM13887884

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