International trade

OpenStax

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Introduction to international trade

Absolute and comparative advantage

What happens when a country has an absolute advantage in all goods

Intra-industry trade between similar economies

The benefits of reducing barriers to international trade

Source: OpenStax, Principles of microeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11858/1.4

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