A certain amount of friction is involved when resources are required to move from one economic activity to another.
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Q3: The major advantage of mercantilism was that
Q4: According to Adam Smith,countries should specialize in
Q6: Mercantilism,propagated in the sixteenth and seventeenth centuries,advocated
Q7: A country has an absolute advantage in
Q12: David Ricardo's theory of comparative advantage was
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Q17: The Nobel Prize-winning economist Paul Samuelson argued
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