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Gains from Specialization and Trade Are Basically

Question 5

Multiple Choice

Gains from specialization and trade are basically:


A) what a country can consume after trade beyond what it can consume before trade.
B) short-term gains that must be reinvested immediately.
C) long-term gains that are not as good as domestic production.
D) what a country can trade without losing its absolute advantage.
E) cheaper imports only.

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