Peterson Chambers
09/04/2024 · Senior High School
QUESTION 25 Which of the following statements regarding trade is NOT true? a) Trade increases productivity through specialization and production according to comparative advanta b) Trade raises the price of goods for both trading partners. c) Trade increases productivity through specialization and the division of knowledge. d) Trade makes people better off when preferences differ.
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The statement NOT true about trade is that it raises the price of goods for both trading partners.
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