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If the Residents of a Country Specialize in a Good

Question 18

Multiple Choice

If the residents of a country specialize in a good in which they have a comparative advantage and trade with residents in another nation, the residents in the first country


A) can consume more than they could without trade.
B) can produce more than they could without trade.
C) will have a lower standard of living.
D) will be exploited by the second nation.

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