Question: 6. Determine whether each statement is true or false. Developing countries stand to gain from international trade because a. trade enables them to specialize in

6. Determine whether each statement is true or false.

Developing countries stand to gain from international trade because

a. trade enables them to specialize in producing where they have a comparative advantage.

b. trade gives them access to the greater variety of goods produced abroad.

c. trade subjects their local producers to greater competition.

d. trade allows them to produce larger amounts than they could consume themselves, allowing them to take advantage of increasing returns to scale.

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