17. In one sense, the theory of comparative advantage is the case for free trade. Trade barriers...

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17. In one sense, the theory of comparative advantage is the case for free trade. Trade barriers prevent a nation from reaping the benefits of specialization, push it to adopt relatively inefficient production techniques, and force consumers to pay higher prices for protected products than they would otherwise pay.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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