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Explain your choice 23. We can conclude that Morocco has a comparative advantage in the production of tables. [True or False] 24. We can conclude
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23. We can conclude that Morocco has a comparative advantage in the production of tables. [True or False] 24. We can conclude that Spain has a comparative advantage in the production of chairs. [True or False] 25. The more competition that exists in international trade, the more likely it is that the trader gets the gains from trade. [True or False] PLEASE EXPLAIN YOUR CHOICE: 26. The multiplier model: a. provides numerical estimates of how equilibrium output changes in response to changes in the price level. b. provides numerical estimates of how equilibrium output changes in response to changes in aggregate expenditures. c. is inconsistent with the AS/AD model if the price level is fixed. d. identifies the factors that cause the AS curve to shift over timeStep by Step Solution
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