When compared with China, the growth of clothing exports originating in Bangladesh clearly illustrates the difference between absolute and comparative advantage. Discuss and explain

What will be an ideal response?


While Bangladesh has an absolute disadvantage in clothing (and, on average everything else), the country has a comparative advantage in clothing manufacture and export. Exports of clothing from Bangladesh have consequently surpassed those from China.

Economics

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A) Deliberate dumping B) Ravaging dumping C) Voracious dumping D) Predatory dumping

Economics

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What will be an ideal response?

Economics

Define risk aversion and give an example of a risk-averse person?

What will be an ideal response?

Economics

U.S. antitrust laws view monopolies as undesirable because

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Economics