Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:21
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The Mercantilists advocated balance of trade for each country engaged in trade.
O True
O False
QUESTION 23
A nation is in disequilibrium if it consumes on the highest indifference curve possible given its production frontier.
O True
O False
QUESTION 24
2 pof
All groups in a country benefit from international trade in the short run.
O True
O False
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