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Imagine there are two nations: the United States and England, and two goods: coffee mugs and encyclopedias. The United States has absolute advantage in both
Imagine there are two nations: the United States and England, and two goods: coffee mugs and encyclopedias. The United States has absolute advantage in both coffee mugs and encyclopedias. Given this, is the following statement true or false? The United States would want to specialize in a good and trade with England because it will lead to more production both goods and their PPF will move outward. Select the correct answer below: True O False
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