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[Select] occurs when high-cost domestic producers are replaced by low-cost producers within a trade bloc, while [Select] occurs when lower-cost external suppliers are replaced
[Select] occurs when high-cost domestic producers are replaced by low-cost producers within a trade bloc, while [Select] occurs when lower-cost external suppliers are replaced by higher-cost suppliers within a trade bloc.
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Heres a detailed explanation 1 Trade Creation occu...
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