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    Principles of Macroeconomics
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    Exam 3: Interdependence and the Gains From Trade
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    What Did Adam Smith Believe About Trade
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What Did Adam Smith Believe About Trade

Question 35

Question 35

Multiple Choice

What did Adam Smith believe about trade?


A) that trade would hurt the British people
B) that trade with other countries was not necessary
C) that trade should be based on comparative advantage
D) that people are better off if they specialize in what they can do best

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