Multiple Choice
In a two- product,two- country world,international trade can lead to increases in
A) prices of both goods in both countries.
B) consumer welfare only if output of both products is increased.
C) consumer welfare in both countries but not total production of both products.
D) total production of both products but not consumer welfare in both countries.
E) output of both products and consumer welfare in both countries.
Correct Answer:

Verified
Correct Answer:
Verified
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