In the 1950s, the economist Bela Balassa compared 28 manufacturing industries in the United States and Britain. In every one of the 28 industries, Balassa found that the United States had an absolute advantageLOADING In these circumstances, would there have been any gain to the United States from importing any of these products from Britain? Explain.
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In the 1950s, the economist Bela Balassa compared 28 manufacturing industries in the United States a...
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