Which statement is false? a) No nation will engage in trade with another nation unless it will

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Which statement is false? 

a) No nation will engage in trade with another nation unless it will gain by that trade.

b) The terms of trade will fall somewhere between the domestic exchange equations of the two trading nations.

c) Most economists advocate free trade.

d) None of the above.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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