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Despite the strong arguments for unrestricted free trade, trade barriers developed because Multiple choice question. countries did not understand the gains from specialization. no country
Despite the strong arguments for unrestricted free trade, trade barriers developed because Multiple choice question. countries did not understand the gains from specialization. no country was able to achieve a comparative nor absolute advantage. neither country was willing to lower barriers for fear that the other might not follow
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
