You need to install ventilation equipment in your art studio, but you don't have reliable information...

 

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You need to install ventilation equipment in your art studio, but you don't have reliable information on prices. There isn't much difference in the performance of different brands, and you want to find the most efficient producers of the equipment- that is, you want to determine which countries have a comparative advantage over others. You know that trade restrictions on these items are minimal, and you have access to trade data. How can you use this knowledge to identify potential suppliers? You need to install ventilation equipment in your art studio, but you don't have reliable information on prices. There isn't much difference in the performance of different brands, and you want to find the most efficient producers of the equipment- that is, you want to determine which countries have a comparative advantage over others. You know that trade restrictions on these items are minimal, and you have access to trade data. How can you use this knowledge to identify potential suppliers?

Answer rating: 100% (QA)

As an individual looking to identify potential suppliers for ventilation equipment for my art studio I can utilize the knowledge of minimal trade rest... View the full answer