What is comparative advantage and how does it affect a, Business Economics

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What is comparative advantage and how does it affect a

1. What is comparative advantage and how does it affect a nation's expoarts and imports? 2. Explain what the terms of trade are in international trade. 3. What is the exchange rate in international trade? 4. What is the difference between a tariff and an import quota? 5. Do you believe the United States should impose international trade restrictions and why do you believe this?

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