International trade affects the economy's real wage in the long run.
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Q165: The principle of comparative advantage states that
Q166: In the long run, international trade will
Q167: A reduction in net exports will, all
Q168: Trade between two nations is mutually beneficial
Q169: The exchange rate system adopted by the
Q171: During the economic downturn of 2008-2011, the
Q172: A change in net exports due to
Q173: An increase in net exports shifts the
Q174: The terms "balance of payments" and "balance
Q175: As incomes in foreign nations rise, foreigners
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