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What caused the patterns of trade to change?

A) political events
B) religious events
C) a change in consumer tastes
D) a natural disaster

User Mahmut
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1 Answer

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To determine the patterns of trade between the two countries, we need to compare their respective opportunity costs of producing the two goods. A country will have a comparative advantage in the production of a good if it has the lower opportunity cost as compared to its trading partner.
User Chevul Ervin
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