According to the theory of comparative advantage, A. A country can gain from trade only if it can produce all goods at a lower cost than its trade partner B. A country can gain from trade only if it...


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According to the theory of<br>comparative advantage,<br>A. A country can gain<br>from trade only if it can<br>produce all goods at a<br>lower cost than its trade<br>partner<br>B. A country can gain<br>from trade only if it can<br>produce a good more<br>efficiently than the other<br>country<br>C. Any country can gain<br>from trade<br>D. Only high income<br>countries will gain from<br>trade<br>

Extracted text: According to the theory of comparative advantage, A. A country can gain from trade only if it can produce all goods at a lower cost than its trade partner B. A country can gain from trade only if it can produce a good more efficiently than the other country C. Any country can gain from trade D. Only high income countries will gain from trade

Jun 10, 2022
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