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According to the Two-Country General-Equilibrium Model, International Trade Is A

Question 36

Multiple Choice

According to the two-country general-equilibrium model, international trade is a:


A) positive-sum game in which both players win.
B) zero-sum game in which one side wins and the other loses.
C) negative-sum game in which both sides end up worse off than if they had not played.
D) indeterminate game, in which there are sometimes winners and sometimes there are losers.

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