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Q. |
Under Heckscher-Ohlin Model, international trade can lead to increases in: |
A. | Consumer welfare only if output of both products is increased |
B. | Output of both products and consumer welfare in both countries |
C. | Total production of both products, but not consumer welfare in both countries |
D. | Consumer welfare in both countries, but not toal production of both products. |
Answer» B. Output of both products and consumer welfare in both countries |
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