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If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
both countries to set up car manufacturing plants.
Country A to specialize in growing corn while Country B specializes in making cars.
Country A to specialize in making cars while Country B specializes in growing corn.
both countries to compete in growing more corn.
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Country A to specialize in growing corn while Country B specializes in making cars.
Reason: Country A is rich in agricultural resources and likely has a comparative advantage in farming; Country B has cities and factories and likely a comparative advantage in manufacturing. Specializing according to those advantages and trading leads to higher overall production and mutual gains from trade.
Reason: Country A is rich in agricultural resources and likely has a comparative advantage in farming; Country B has cities and factories and likely a comparative advantage in manufacturing. Specializing according to those advantages and trading leads to higher overall production and mutual gains from trade.
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