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In Order for the Problem of Scarcity to Be Reduced

Question 61

Multiple Choice

In order for the problem of scarcity to be reduced as much as possible through international trade:


A) an environment of free trade must exist among nations.
B) each nation must specialize according to its comparative advantage.
C) each nation must produce its output at a lower opportunity cost than the output could be produced in any other nation.
D) all of the above.

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