Explains the economic theory of comparative advantage, Microeconomics

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Explains the economic theory of comparative advantage

Problem

1. Explains the economic theory of comparative advantage and associated gains from free trade;

2. Discusses the risk of trade liberalisation to local industries and describes a type of trade policy that can support the development of domestic manufacturing sectors.

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Microeconomics: Explains the economic theory of comparative advantage

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Microeconomics: Explains the economic theory of comparative advantage

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