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  3. Study Set
    International Economics Study Set 11
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    Exam 2: Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo
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    In Adam Smith's View, International Trade
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In Adam Smith's View, International Trade

Question 4

Question 4

Multiple Choice

In Adam Smith's view, international trade


A) benefited both trading countries.
B) was based on absolute cost differences.
C) reflected the resource base of the countries in question.
D) all of the above.

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