Questions:
1) How would you describe the international economic policy regime of the United Kingdom today? Which of the 3 IPE views does it best fit and why?

(Article of 3 IPE views attached)

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2) Does the theory of comparative advantage explain how international trade works today or not? Give some details.

(Watch this: https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/scarcity-and-growth/v/comparative-advantage-specialization-and-gains-from-trade)

 

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