Multiple Choice
To achieve gains from trade, a country
A) needs to have an absolute advantage in the production of all goods.
B) should produce at the midpoint of its PPF.
C) must produce at a point beyond its PPF.
D) specializes in the producing a good in which it has a lower opportunity cost.
E) needs to have an absolute advantage in the production of at least one good.
Correct Answer:

Verified
Correct Answer:
Verified
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