Multiple Choice
Which statement does NOT accurately outline an implication of our model of trade?
A) Trade allows for specialization.
B) Trade is good for nations.
C) Trade is based on comparative advantage.
D) Trade can only occur if the cost of labour in both countries is equal
Correct Answer:

Verified
Correct Answer:
Verified
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Q169: What is comparative advantage based on?<br>A) capital
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Q171: Figure 3-5<br>These graphs illustrate the production possibilities
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Q174: Figure 3-6<br>These figures illustrate the production possibilities
Q175: Figure 3-5<br>These graphs illustrate the production possibilities
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Q178: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table