The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from the European Union other products which South Africa could produce but at a higher cost than what it costs the Europeans to produce.
This practice follows the theory of:
a) Absolute Advantage.
b) Malthus.
c) Competitive Positioning.
d) Absolute Advantage.
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The Republic of South Africa exports edible fruits and nuts into the common market known as the Euro...
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