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For each of the following statements, state if the statement is true or false and ex- plain why using words, figures, or both. (a) If
For each of the following statements, state if the statement is true or false and ex- plain why using words, figures, or both. (a) If one country is the most efficient one in producing everything, this country will not gain from trade. Discuss your answer. (b) In the specific factors model, the immobile factor will always resist signing free trade agreements.
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