An opinion column in the Wall Street Journal states that countries benefit . . . by trading

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An opinion column in the Wall Street Journal states that “countries benefit . . . by trading similar products because of the great value consumers place on variety.” To benefit from international trade, shouldn’t countries specialize in producing only the goods in which they have a comparative advantage? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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