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Which of the Following Must Be True in Order to Engage

Question 93

Multiple Choice

Which of the following must be true in order to engage in advantageous international trade?


A) It must be producing at a point on its production possibilities frontier.
B) It must be economically efficient.
C) It must have a comparative advantage in producing one of the goods being traded.
D) There must be no potential Pareto improvements available in the economy.
E) It must have an absolute advantage in producing one good being traded.

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