If two countries specialize in the production of goods in which they have a comparative advantage, they can experience gains from trade.
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Q418: Mary takes 4 minutes to make a
Q419: Q420: Q421: Specialization and trade allow countries to consume Q422: As long as the marginal benefit from Q424: Moving downward along a PPF, the opportunity Q425: A circular flow diagram shows the flows Q426: We are using resources efficiently if we Q427: Each point on the production possibilities frontier Q428: If a country operates on its PPF,
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