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-The Data in the Above Table Demonstrates That Gains from Trade

question 417

Multiple Choice

  -The data in the above table demonstrates that gains from trade can be captured if A)  the United States produced both goods. B)  the United States produced steel in exchange for concrete produced in France. C)  the United States produced concrete in exchange for steel produced in France. D)  each country became self-sufficient, produced both goods for itself, and did not engage in trade.
-The data in the above table demonstrates that gains from trade can be captured if


Definitions:

USB Port

A standard cable connection interface on computers and electronic devices for data transfer and power supply.

Ethernet

A technology for networking that enables devices to communicate with each other by transmitting data over cables.

FireWire

FireWire is a serial bus interface standard for high-speed communication and data transfer, often used for connecting digital video cameras and external hard drives to a computer.

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