It is possible for a high-wage country such as the U.S. to export labor-intensive goods to a low-wage country such as China.
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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
Q12: According to the principle of comparative advantage,
Q14: Comparative advantage underlies the gains from trade
Q15: According to the principle of comparative advantage,
Q16: If Canada and Mexico have identical opportunity
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Q18: Trade restrictions tend to reduce competition and
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