Give some examples of absolute advantage for trade

timer Asked: Jun 2nd, 2013

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The United States, Brazil, and Argentina are land rich and efficient farming countries. Which countries have large pools of low cost labor? How do countries with no natural resources manage to manufacture and export large quantities of goods? Give some examples of absolute advantage for trade.

What are macroeconomic factors and are they useful for economic forecasting? What are economic indicators? Are any of them useful for forecasting economic growth?

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