Which of the following statements regarding trade is NOT true? a) Trade increases productivity through specialization and production according to comparative advantage b) Trade raises the price of goods for both trading partners c) Trade increases productivity through specialization and the division of knowledge d) Trade makes people better off when preferences differ.

Which of the following statements regarding trade is NOT true? a) Trade increases productivity through specialization and production according to comparative advantage b) Trade raises the price of goods for both trading partners c) Trade increases productivity through specialization and the division of knowledge d) Trade makes people better off when preferences differ.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter18: International Trade And Finance

Section: Chapter Questions

Problem 16SQ

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