Free trade is beneficial because it allows total world output to be reduced.
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Q165: A new domestic industry with potential economies
Q166: Voluntary trade restrictions by foreign countries on
Q167: A direct restriction on the quantity of
Q168: The slope of the production possibilities curve
Q169: In the last few decades, the United
Q171: A quota is one example of a
Q172: A country that can produce everything "better"
Q173: The relative costs of two goods produced
Q174: Most nations all over the world have
Q175: In general, trade restrictions penalize domestic producers
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