According to the principle of comparative advantage, an open trading system results in resources being channeled from their highest to their lowest productivity.
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Q7: All sectors of the domestic economy benefit
Q8: Import restrictions tend to improve the welfare
Q9: Comparative advantage depends on a variety of
Q10: Although the nation as a whole benefits
Q11: Through specialization and trade, the supply of
Q13: It is possible for a high-wage country
Q14: Comparative advantage underlies the gains from trade
Q15: According to the principle of comparative advantage,
Q16: If Canada and Mexico have identical opportunity
Q17: When compared to quotas, tariffs have a
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