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Q. |
If a very small country trades with a very large country according to the Ricardianmodel, then |
A. | The small country will suffer a decrease in economic welfare. |
B. | The large country will suffer a decrease in economic welfare. |
C. | The small country will enjoy gains from trade. |
D. | The large country will enjoy gains from trade. |
Answer» C. The small country will enjoy gains from trade. |
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