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Bas_tet [7]
2 years ago
7

Why does a country need to have a comparative advantage in a particular product in order to engage in trade with another country

?
Business
1 answer:
harkovskaia [24]2 years ago
5 0

Answer:

Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers.

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It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.

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