Compare and contrast the theory of Mercantilism, Ricardo’s theory of Absolute Ad

Compare and contrast the theory of Mercantilism, Ricardo’s theory of Absolute Advantage and Comparative Advantage, and Adam Smith’s theory of international trade. Variations of all of these theories are still applicable today in regards to international trade. Give an example of each one of these three theories being applied today by a nation and how it exactly relates to each theory (Hint: one country cannot practice all three).

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