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