Something other than exploiting cheap foreign labor must be driving international trade.
Correct Answer:
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Q1: Specialization permits larger outputs and offers economies
Q2: International trade usually benefits one trading partner
Q3: Trade occurs only when a country has
Q5: Comparative advantage is the rule that ordinarily
Q6: If one country has an absolute advantage
Q7: If England uses one week's time to
Q8: If England uses one week's time to
Q9: If all countries produce the goods for
Q10: Specialization is the concept of devoting resources
Q14: Voluntary exchange is based on the principle
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