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PPF - Comparative Advantage and Trade
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PPF - Comparative Advantage and Trade
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2. Introductory Economic Models / PPF - Comparative Advantage and Trade / Problem 4
Problem 4
How does comparative advantage benefit countries in international trade?
A
By enabling countries to specialize in goods where they have a lower opportunity cost
B
By allowing countries to produce all goods more efficiently
C
By reducing the need for trade agreements
D
By eliminating trade barriers
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