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Suppose Country a Has a High Average Wage Level and a High

question 82

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Suppose Country A has a high average wage level and a high level of output per person,while Country B has a low average wage level and a low level of output per person.Which country can benefit from trade?


Definitions:

Weak Ties

Social connections that are not very strong or close but can be important for spreading information or opportunities.

Green Chemistry

The design of chemical products and processes that reduce or eliminate the use or generation of hazardous substances.

Molecular Thinking

An approach that focuses on the detailed examination and understanding of the components of a problem or system.

Inflexible Strategies

Business approaches or plans that are rigid and cannot easily adapt to changes in the market or environment, potentially leading to failure.

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