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Specialisation and trade

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Question 3

Malawi primarily exports raw agricultural commodities such as unmanufactured tobacco and tea, while Japan's exports are heavily dominated by high-technology passenger vehicles and industrial robotics.

Evaluate, with the use of opportunity cost ratios, the extent to which comparative advantage explains the pattern of trade between developing and developed economies.

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Specialisation and trade Questions

  1. A Level
  2. /Economics
  3. /Specialisation and trade