Which of the following statements best describes the costs of international trade? A. Countries without an absolute
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Which of the following statements best describes the costs of international trade?
A. Countries without an absolute advantage in producing a good cannot benefit significantly from international trade.
B. Resources may need to be allocated into or out of an industry and less-efficient companies may be forced to exit an industry, which in turn may lead to higher unemployment.
C. Loss of manufacturing jobs in developed countries as a result of import competition means that developed countries benefit far less than developing countries from trade.
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