Principles Of Microeconomics - Are differences in geography behind

Question # 00841369 Posted By: wildcraft Updated on: 05/02/2023 04:14 AM Due on: 05/02/2023
Subject Economics Topic General Economics Tutorials:
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Principles Of Microeconomics

Critical Thinking Questions:

1. Are differences in geography behind thedifferences in absolute advantages?

2.  Why does the United States not have an absoluteadvantage in coffee?

3.  Why might a low-income country put up barriersto trade, such as tariffs on imports?

4.  Can a nation’s comparative advantage change overtime? 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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