Adam Smith Theory of Trade

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Uploaded by on Mar 6, 2009

According to Smith, trade is a win-win game, a country should export those goods which is better at producing, and import those which it is not. The theory of absolute advantage and a simple exercise to differientiate between the two measures of the advantage. This powerpoint is property of Dr. B. West at Barry University

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  • thanks very halpful:)

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