Are differences in geography behind the differences in absolute
Question # 00860390
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Updated on: 09/11/2024 01:45 AM Due on: 09/11/2024
Principles Of Microeconomics
Critical Thinking Questions:
- Are differences in geography behind the differences in absolute advantages?
2. Why does the United States not have an absolute advantage in coffee?
3. Why might a low-income country put up barriers to trade, such as tariffs on imports?
4. Can a nation’s comparative advantage change over time? What factors would make it change?
5. What’s the difference between economic immigrants, legal immigrants, and illegal immigrants? Do immigrants help or hurt the economy. Explain.
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Solution: Are differences in geography behind the differences in absolute