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    Principles of Economics
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    Exam 8: Gains From Trade
  5. Question
    When Trade Is Based on Comparative Advantage
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When Trade Is Based on Comparative Advantage

Question 90

Question 90

Multiple Choice

When trade is based on comparative advantage


A) output may fall.
B) specialization will diminish.
C) both trading partners end up better off.
D) one trading partner gains at the expense of the other.

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