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    Principles of Economics Study Set 8
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    Exam 9: Application: International Trade
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    The Nation of Cranolia Used to Prohibit International Trade, but Now
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The Nation of Cranolia Used to Prohibit International Trade, but Now

Question 155

Question 155

True/False

The nation of Cranolia used to prohibit international trade, but now trade is allowed, and Cranolia is exporting furniture. Relative to the previous no-trade situation, buyers of furniture in Cranolia are now better off.

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