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If the US Exports Machines and India Exports Cloth, Which of the of the Following

Question 69

Multiple Choice

If the U.S. exports machines and India exports cloth, which of the following statements would be incorrect?


A) India can consume more with trade.
B) The U.S. can consume more with trade.
C) World production of machines and cloth will rise.
D) India would be worse off because they would consume less.
E) None of the above

Correct Answer:

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