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Two Parties Can Capture Gains from Specialization and Trade Whenever

Question 164

Multiple Choice

Two parties can capture gains from specialization and trade whenever:


A) ​One party is twice as good as producing all goods as the other.
B) ​The opportunity costs of producing each good are the same for both parties.
C) ​Both parties can produce equal amounts of both goods.
D) ​None of the above are true.

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