The modern economists considered the gains from trade resulted from
A) Increased production and specialization
B) Increased competition
C) Exchange and specialization
D) All of the above
Correct Answer:
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Q13: The terms of trade of a country
Q14: When a country's import price relatively rises
Q15: The various methods of measuring gains from
Q16: According to Jacob Viner, the classical economists
Q17: The classical theorists believed that the gains
Q19: The concept of single factoral terms of
Q20: Mill's theory of reciprocal demand is based
Q21: When the export prices of a country
Q22: The concept of gross barter terms of
Q23: A single factoral terms of trade shows
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