If the Residents of a Country Specialize in a Good

question 18

Multiple Choice

If the residents of a country specialize in a good in which they have a comparative advantage and trade with residents in another nation, the residents in the first country

• A)can consume more than they could without trade.
• B)can produce more than they could without trade.
• C)will have a lower standard of living.
• D)will be exploited by the second nation.

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