The basis for international trade is that . (LO1) a) a nation can import a particular good
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The basis for international trade is that
. (LO1)
a) a nation can import a particular good or service at a lower cost than if it were produced domestically
b) we stand to gain if we can sell more to other nations than they buy from us
c) there are winners and losers
d) it pays to trade, provided we remain independent by producing all our necessities
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