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  3. Study Set
    Price Theory and Applications
  4. Exam
    Exam 2: Prices,costs and Gains From Trade
  5. Question
    If Each Person Specializes in His Area of Comparative Advantage
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If Each Person Specializes in His Area of Comparative Advantage

Question 5

Question 5

True/False

If each person specializes in his area of comparative advantage and then trades for the goods he wants to have,everyone will be made better off.

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