Answer to Question #91869 in Macroeconomics for Tshivhinda vhugala

Question #91869
Use example to explain comparative advantage in international trade
1
Expert's answer
2019-07-22T11:49:08-0400

In 2019 Ukraine has the lowest wages in Europe. This can be its comparative advantage. As because of low wages the cost of production in this country is much lower. So that goods are more competitive on the international market.


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