"In a situation of increasing opportunity costs, trade can be beneficial to bothcountries if they have identical PPFs or if they have identical tastes. However, trade cannot be beneficial to either country if the countries have identical PPFs and identical tastes." Is this statement correct or incorrect? Illustrate and explain.

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The Answer of "In a situation of increasing opportunity costs, trade can be beneficial to bothcountries if they have identical PPFs or if they have identical tastes. However, trade cannot be beneficial to either country if the countries have identical PPFs and identical tastes." Is this statement correct or incorrect? Illustrate and explain.

"In a Situation of Increasing Opportunity Costs, Trade Can Be