Given That Countries a and B Each Specialize in the Production

question 128

Multiple Choice

Given that countries A and B each specialize in the production of one good and voluntarily Jtrade it for the other country's good, then

• A) only country A can experience positive gains from trade.
• B) only country B can experience positive gains from trade.
• C) both countries can experience positive gains from trade.
• D) both countries experience negative gains from trade.

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