Free trade causes average costs to increase as industries expand output.
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Q12: For the United States, exports typically exceed
Q13: A country has an absolute advantage if
Q14: Tariffs benefit all of society.
Q15: Trade restrictions can increase the number of
Q16: Net gains from international trade are positive.
Q18: David Ricardo, a famous English economist, developed
Q19: Prices tend to be higher under tariffs
Q20: Trade between two countries is based on
Q21: Which economist developed the idea of comparative
Q22: Given that the import price of a
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