Consumption can only occur along the pre-trade production possibilities frontier.
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Q49: If a country has an absolute advantage
Q50: To measure the gains from trade, we
Q51: A country can have an absolute advantage
Q52: The gains from trade are larger for
Q53: If a country's opportunity costs increase when
Q55: The principle of comparative advantage implies that
Q56: The principle of comparative advantage
A)does not hold
Q57: A country cannot have a comparative advantage
Q58: Country A has a comparative advantage over
Q59: If there are increasing opportunity costs of
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