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    Macroeconomics Principles and Policy Study Set 2
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    Exam 34: International Trade and Comparative Advantage
  5. Question
    Economists Say That Voluntary Exchange Makes Both Parties Better Off
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Economists Say That Voluntary Exchange Makes Both Parties Better Off

Question 172

Question 172

Essay

Economists say that voluntary exchange makes both parties better off. What is the explanation that they offer to back up this conclusion?

Correct Answer:

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This analysis was developed in Chapter 1...

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