-Refer to above figure. Now, suppose that the relative price of A is actually not higher than Albania's autarkic level of 1, but quite the opposite . Would Albania still be able to gain from trade? If so, where would be its production point? Given the information in this question, where is Albania's comparative advantage?
Definitions:
Money Management
Money Management is the process of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group.
Rationalization
A psychological strategy where disputable actions or emotions are rationalized in an apparently logical way to evade the actual reasoning.
Depot Antipsychotic
Long-acting injectable antipsychotic medications used in the treatment of schizophrenia and other disorders, providing steady medication levels.
Delusional
A condition in which a person holds beliefs firmly despite them being contradicted by reality or rational argument, typically owing to a mental disorder.
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