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Explain Why Country 1,which Has an Absolute Advantage Over Country

question 219

Essay

Explain why Country 1,which has an absolute advantage over Country 2 in producing two products (e.g. ,corn and clothing),would trade with Country 2.


Definitions:

Protected

Safeguarded against harm or injury, often by legal means or specific regulations.

Industrial Design Act

Legislation that protects the visual design of objects that are not purely utilitarian, ensuring creators can control and benefit from their designs.

Limited Edition

Refers to a unique or exclusive set of items, often numbered or marked to denote rarity.

Protect

To keep someone or something safe from harm, damage, or injury, often through preventative measures or safeguards.

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