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According to International Trade Theory, a Country Can Gain If

Question 152

Multiple Choice

According to international trade theory, a country can gain if it


A) imports goods when they can be purchased cheaper from domestic producers.
B) imports goods when foreigners are willing to pay higher prices than domestic consumers.
C) specializes in producing those things it does best (produces at a low cost) .
D) trades with high-income countries but not low-income countries.

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