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2. Give the information below identify which country has an absolute advantage and comparative advantage. Which...

2. Give the information below identify which country has an absolute advantage and comparative advantage. Which country should produce which products.  What are the gains from trade for the world economy? (hint you will need to find autarky output) To receive credit all work must be shown. Brazil Chile Thailand Panama Beef 100 cows 70 cows 25 cows 50 cows Lumber 1000 board feet 950 board feet 500 board feet 600 board feet

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