1. How is international trade similar to domestic trade? A. International trade makes people better off when preferences differ. B. International trade increases productivity through specialization and the division of knowledge. C. Trade increases productivity through comparative advantage. D. A and B E. All of the above

1. How is international trade similar to domestic trade? A. International trade makes people better off when preferences differ. B. International trade increases productivity through specialization and the division of knowledge. C. Trade increases productivity through comparative advantage. D. A and B E. All of the above

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 1QR

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