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Trade Between Two Countries Can Benefit Both Countries If

Question 15

Multiple Choice

Trade between two countries can benefit both countries if


A) each country exports that good in which it has a comparative advantage.
B) each country enjoys superior terms of trade.
C) each country has a more elastic demand for the imported goods.
D) each country has a more elastic supply for the exported goods.
E) each country produces a wide range of goods for export.

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