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  3. Study Set
    International Economics Study Set 6
  4. Exam
    Exam 3: Comparative Advantage and the Gains From Trade
  5. Question
    The Basis for Free Trade Is the Concept of
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The Basis for Free Trade Is the Concept of

Question 1

Question 1

Multiple Choice

The basis for free trade is the concept of


A) absolute advantage.
B) differences in natural resources and climate.
C) differences in nominal wages.
D) comparative advantage.

Correct Answer:

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