of Absolute and Comparative Advantages. I will define them both in my own words, and give you an example to better explain what they mean. We will then talk about the effects trade has on production possibilities, and we will go over a couple different factors that expand the production possibilities. We will look at free trade, what exactly that is as compared to what we currently have now. Lastly, I will give you my own thoughts, with supporting material, on global trade. First we are going…
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