One way to think about the gains from trade that derive from the principle of comparative...
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One way to think about the gains from trade that derive from the principle of comparative advantage is that specialization and trade allow countries to "consume more" In production possibilities (PPF) jargon this implies: a. both countries involved in a trade can "consume" beyond their own PPFs even if they can't "produce" beyond their own PPF. b. both countries involved in a trade can "produce" beyond their own PPFs even if they can't "consume" beyond their own PPF. c. one country involved in a trade can always "consume" beyond its own PPF even if the other doesn't. O d. one country involved in a trade can always "produce" beyond its own PPF even if the other doesn't. One way to think about the gains from trade that derive from the principle of comparative advantage is that specialization and trade allow countries to "consume more" In production possibilities (PPF) jargon this implies: One way to think about the gains from trade that derive from the principle of comparative advantage is that specialization and trade allow countries to "consume more" In production possibilities (PPF) jargon this implies: a. both countries involved in a trade can "consume" beyond their own PPFs even if they can't "produce" beyond their own PPF. b. both countries involved in a trade can "produce" beyond their own PPFs even if they can't "consume" beyond their own PPF. c. one country involved in a trade can always "consume" beyond its own PPF even if the other doesn't. O d. one country involved in a trade can always "produce" beyond its own PPF even if the other doesn't. a. both countries involved in a trade can "consume" beyond their own PPFs even if they can't "produce" beyond their own PPF. b. both countries involved in a trade can "produce" beyond their own PPFs even if they can't "consume" beyond their own PPF. c. one country involved in a trade can always "consume" beyond its own PPF even if the other doesn't. O d. one country involved in a trade can always "produce" beyond its own PPF even if the other doesn't.
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