Multiple Choice
Which of the following statements is true of the gains to trade?
A) The gains to trade expand as trading partners become more alike.
B) The gains to trade shrink as trading partners become more alike.
C) The trading nations can enjoy gains to trade even when none of the nations have a comparative advantage in the production of any good.
D) The gains to trade are equal for all trading partners.
Correct Answer:
Verified
Correct Answer:
Verified
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