Answered

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If finland enjoys comparative advantage in the production of fish products compared with its trading partners. What does it imply

Sagot :

Answer:

It implies that Finland is able to meets its demand for fish products on its own

Explanation:

This simply means that Finland is able to efficiently meets is demand for fish product domestically and hence it need not to depend on its trading partners. Thus, It has an advantage to negotiate well for the export and import of other commodities and services.

This also means that productivity of Finland is high which could be due to higher labor productivity rate or efficient aquaculture practices and production mechanism.

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