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    Principles of Economics Study Set 12
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    Exam 29: International Trade
  5. Question
    Explain How There Can Be Gains from Trade Between Countries
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Explain How There Can Be Gains from Trade Between Countries

Question 209

Question 209

Essay

Explain how there can be gains from trade between countries even if there is no difference in the efficiency of production between each country.

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The reduction in unit cost, wh...

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