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    Principles of Microeconomics
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    Exam 20: International Trade, Comparative Advantage, and Protectionism
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    For Any Pair of Nations and Goods, If Each Country
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For Any Pair of Nations and Goods, If Each Country

Question 115

Question 115

True/False

For any pair of nations and goods, if each country has an absolute advantage in the production of one product, it is reasonable to expect that specialization and trade will benefit both countries.

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