“The wealth of a nation is, in part, derived from its productivity. Since Malawi, one of the world's poorest countries, is less productive than the United States, it is unlikely for mutually beneficial international trade to occur.” Discuss. 

Note: you should be using the concepts of absolute and comparative advantage to explain in detail why you agree or disagree with the above statement. The best answers should include a numerical example (2-country, 2-good).

Answer rating: 100% (QA)

The first theme within the Wealth of states is that regulations on commerce are illfounded and counterproductive The prevailing view was that gold and silver was wealth which countries should boost ex... View the full answer