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If Nations Begin to Expand Their Specialization in Production for the Purpose

Question 80

Multiple Choice

If nations begin to expand their specialization in production for the purpose of trade,


A) ​consumer surplus will increase, but not total output.
B) ​total world output will increase, and consumer surplus will increase as well.
C) ​total world output will increase, but consumer surplus will not increase.
D) ​neither total output nor consumer surplus will change.

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