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In Order to Obtain an Efficient Allocation of Resources Worldwide

Question 192

Multiple Choice

In order to obtain an efficient allocation of resources worldwide


A) countries that have a lot of resources should ship resources to countries that do not have a lot of resources.
B) countries that have a lot of resources should not trade since poorer countries cannot compete.
C) each country should produce the good they have a comparative advantage in and then trade.
D) no trade among countries should occur.

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