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Q. |
According to the theory of comparative advantage, countries gain from trade, because |
A. | Trade makes firms more competitive, reducing their market power |
B. | Every country has an absolute advantage in producing something |
C. | World output can rise when each country specializes in what it does relatively best |
D. | None of the above |
Answer» C. World output can rise when each country specializes in what it does relatively best |
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