In Order for Mutually Beneficial Trade to Occur Between Two

question 186

Multiple Choice

In order for mutually beneficial trade to occur between two otherwise isolated nations,

• A)each nation must be able to produce at least one good absolutely cheaper than the other.
• B)each nation must be able to produce at least one good relatively cheaper than the other.
• C)each nation must face constant costs in the production of the good it exports.
• D)one nation's production must be labor-intensive, while the other nation's production is capital-intensive.

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