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Refer to the Table Shown

question 58

Multiple Choice

Refer to the table shown. Refer to the table shown. In this example: A) there are gains from trade for Botswana. B) there are gains from trade for Zimbabwe. C) there are gains from trade for both countries. D) there are no possible gains from trade. In this example:

Definitions:

Consumer Nondurable

Goods that are immediately consumed or have a lifespan of less than three years, such as food and clothing.

Medical Care

Professional services provided by individuals or institutions to individuals for the purpose of maintaining, improving, or managing health.

Gasoline and Oil

Refers to petroleum-based liquid mixtures primarily used as primary fuels in vehicles and industrial machines.

Durable Goods

Goods that are intended to last for a relatively long period of time without quickly wearing out, such as appliances, cars, and furniture.