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    International Economics Study Set 2
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    Exam 5: Who Gains and Who Loses From Trade
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    Trade Makes Some People Absolutely Better Off and Others Absolutely
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Trade Makes Some People Absolutely Better Off and Others Absolutely

Question 14

Question 14

True/False

Trade makes some people absolutely better off and others absolutely worse off in each of the trading countries. However, the gainers and losers in the short-run are somewhat different from those in the long-run, because more adjustment can occur in the long-run.

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