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If nations trade on the basis of comparative advantage
South America
A continent located in the Western Hemisphere and mostly in the Southern Hemisphere, known for its diverse cultures, landscapes, and history.
Tenochtitlán
The capital of the Aztec Empire, located on an island in Lake Texcoco in what is now Mexico City.
European City
An urban settlement within Europe characterized by historical architecture, diverse cultures, and significant influences on global culture and politics.
Venice
A city in northeastern Italy, famous for its unique canal system, picturesque waterways, and historical significance as a major maritime power during the Middle Ages and Renaissance.
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