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In General,economic Studies on the Relationship Between Trade and Economic

Question 78

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In general,economic studies on the relationship between trade and economic growth suggest that:


A) countries open to international trade display higher growth rates than those that close their economies to trade.
B) comparative advantage theory does not hold much relevance in the modern world of international trade and open economies.
C) modern economic trends tend to be influenced more by the absolute advantage theory than the comparative advantage theory.
D) with the onset of free trade,rich countries are showing better dynamic gains in the efficiency with which resources are useD.

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