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International Trade (Assumptions of Comparative Advantage (Free Trade, No…
International Trade
Laws
Comparative Advantage
Absolute Advantage
Assumptions of Comparative Advantage
Free Trade
No Transport Costs
Mobility of labour
Constant Returns
Two workers,Two products, Two Countries
Importing
Cheaper prices
Competition
Raw Materials
Exporting
Employment
Investment
Larger Market
Money
Balance of Trade
Balance of Payments
Specialisation