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.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter19: International Trade
Section: Chapter Questions
Problem 12PAE
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Question
Which of the following statements regarding trade is NOT true?
a) Trade increases productivity through specialization and production according to
b) Trade raises the
c) Trade increases productivity through specialization and the division of knowledge
d) Trade makes people better off when preferences differ.
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