The gains from trade include
i. lower prices from competition.
ii. greater output from specialisation.
iii. greater variety of goods and services available.

Name: The gains from trade include i. lower prices from competition. ii. greater output from specialisation. iii. greater variety of goods and services available.
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The gains from trade include lower prices due to increased competition, greater output resulting from specialization, and a wider variety of goods and services available to consumers.

The Gains from Trade Include