Trading is beneficial whenever people differ in their abilities or differ in their tastes.
Correct Answer:
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Q31: If everyone had the same abilities,then no
Q32: When inflation causes the absolute prices of
Q33: If inflation causes the absolute prices of
Q34: If good wines can be produced in
Q35: If each person specializes in his area
Q37: Trade will never be beneficial when both
Q38: In order for there to be a
Q39: The difference between an absolute price and
Q40: If no one in a community desires
Q41: Mexico and Japan
The following questions refer to
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