Multiple Choice
Which of the following is correct? Please select all that apply.
A) Mercantilism promotes exports.
B) Theory of comparative advantage predicts that a country could gain from trade despite the country's inefficient production.
C) Theory of absolute advantage promote exports without imports.
D) Theory of absolute advantage predicts that a country could gain more from export products in which it can produce cheaply.
Correct Answer:

Verified
Correct Answer:
Verified
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Q12: Is the following statement true or false?
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Q16: Which of the following is wrong?<br>A) The
Q17: Is the following statement true or false?
Q18: According to the theory of comparative advantage,
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