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Free Trade with Other Countries Allows Poor Nations the Opportunity

Question 147

True/False

Free trade with other countries allows poor nations the opportunity to exploit their comparative advantage in agricultural goods.
Poor nations need export markets.Export sales generate the hard currency (dollars,euros,and yen)that is needed to purchase capital equipment in global markets.Export sales also allow farmers in poor nations to expand production,exploit economies of scale,and invest in improved technology.

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