According to the theory of comparative advantage as explained by Ricardo, why is trade always possible between
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According to the theory of comparative advantage as explained by Ricardo, why is trade always possible between two countries, even when one is absolutely inefficient compared to the other?
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This was really the major contribution of Ricardo as he explained that although one coun...View the full answer
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Related Book For 
International Business
ISBN: 978-0470530658
8th edition
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
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