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2. Introductory Economic Models
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Problem 9
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Problem 15
2. Introductory Economic Models
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2. Introductory Economic Models / PPF - Comparative Advantage and Trade / Problem 9
Problem 9
What role does the trade price play in determining the benefits of trade?
A
It eliminates the need for opportunity cost calculations.
B
It ensures that only one party benefits from the trade.
C
It guarantees equal production levels for both parties.
D
It determines the distribution of gains from trade between parties.
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