A nation should specialize in the good for which it has an absolute advantage.
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Q20: Both tariffs and quotas result in fewer
Q21: NAFTA is an example of a free
Q22: It is possible for China to have
Q23: A country must always have an absolute
Q24: A country must always have a comparative
Q26: Exports as a percentage of global GDPs
Q27: Because industrial countries depend upon the less
Q28: Japan exports more goods than any other
Q29: U.S. tariff rates are substantially higher than
Q30: A tariff will decrease the quantity supplied
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