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    Exam 2: Economic Models: Trade-Offs and Trade
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    If Countries Engage in International Trade
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If Countries Engage in International Trade

Question 56

Question 56

Multiple Choice

If countries engage in international trade:


A) they give up the ability to specialize in production.
B) worldwide levels of production are lower.
C) they can consume inside their production possibility frontiers.
D) they can consume outside their production possibility frontiers.

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