Assume, for vietnam, that the domestic price of textiles without international trade is higher than the world price of textiles. this suggests that, in the production of textiles
a. other countries have a comparative advantage over vietnam and vietnam will import textiles.
b. vietnam has a comparative advantage over other countries and vietnam will export textiles.
c. vietnam has a comparative advantage over other countries and vietnam will import textiles.
d. other countries have a comparative advantage over vietnam and vietnam will export textiles
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Assume, for vietnam, that the domestic price of textiles without international trade is higher than...
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