A country that can produce everything "better" than another country will have no reason to engage in trade.
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Q167: A direct restriction on the quantity of
Q168: The slope of the production possibilities curve
Q169: In the last few decades, the United
Q170: Free trade is beneficial because it allows
Q171: A quota is one example of a
Q173: The relative costs of two goods produced
Q174: Most nations all over the world have
Q175: In general, trade restrictions penalize domestic producers
Q176: The net benefits a nation receives from
Q177: Free trade is harmful because it leads
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