In the eighteenth century, some writers argued that one person in a trade could be made better

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In the eighteenth century, some writers argued that one person in a trade could be made better off only by gaining at the expense of the other. Explain the fallacy in this argument.

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:21 AM

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In the eighteenth century, some writers argued that one person in a trade could be made better

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The argument has to be fallacious provided that exc...View the full answer

Economics Principles and Policy

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