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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 15
Circle the letter that corresponds to the best answer. Which statement is false?
A) No nation will engage in trade with another nation unless it will gain by that trade.
B) The terms of trade will fall somewhere between the domestic exchange equations of the two trading nations.
C) Most economists advocate free trade.
D) None of the above.
A) No nation will engage in trade with another nation unless it will gain by that trade.
B) The terms of trade will fall somewhere between the domestic exchange equations of the two trading nations.
C) Most economists advocate free trade.
D) None of the above.
Explanation
Verified
Verified
Free trade:
The concept of the free tra...
Macroeconomics 11th Edition by Stephen Slavin
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