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1. Macro Eco > Three assumptions of theory of comparative advantage > Flashcards

Three assumptions of theory of comparative advantage Flashcards

1
Q

1st assumption?

A

average cost of production is constant

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2
Q

2nd assumption?

A

there are no trade barriers

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3
Q

3rd assumption?

A

there are no transport costs

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1. Macro Eco (38 decks)

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