Country A and B are two main trading partners. A sells mainly raw materials to B, while B sells mainly consumption goods to A. There was a major technological breakthrough in the extraction technology which drastically reduced the cost of production in country A Describe the initial set-up between the two economies Analyse the effects of thee change on the two economies
Country A and B are two main trading partners. A sells mainly raw materials to B, while B sells mainly consumption goods to A. There was a major technological breakthrough in the extraction technology which drastically reduced the cost of production in country A Describe the initial set-up between the two economies Analyse the effects of thee change on the two economies
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Country A and B are two main trading partners. A sells mainly raw materials to B, while B sells mainly consumption goods to A. There was a major technological breakthrough in the extraction technology which drastically reduced the cost of production in country A
Describe the initial set-up between the two economies
Analyse the effects of thee change on the two economies
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