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    Principles of Economics Study Set 8
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    Exam 9: Application: International Trade
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    "Trade Raises the Economic Well-Being of a Nation in the Sense
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"Trade Raises the Economic Well-Being of a Nation in the Sense

Question 49

Question 49

True/False

"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." This statement is correct for a nation that exports manufactured goods, but it is not correct for a nation that imports manufactured goods.

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