Which of the following statements is false?
A) The gains from trade can be broken down into the gains from exchange and the gains from specialization
B) gains from exchange can result even without specialization
C) gains from specialization can result even without exchange
D) none of the above
Correct Answer:
Verified
Q2: The marginal rate of transformation (MRT)of X
Q3: Which of the following is not a
Q8: Which of the following statements is true
Q10: Under which circumstance is it not possible
Q11: Nation 1's share of the gains from
Q12: If a nation has a steeper indifference
Q12: With free trade under increasing costs:
A)neither nation
Q13: The primary factor for the loss in
Q14: If nations have identical production possibilities frontiers
Q16: The marginal rate of substitution (MRS)of X
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