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Refer to Table 3-5. If Japan and the United States trade based on the principles of comparative advantage, a) both countries can consume outside of
Refer to Table 3-5. If Japan and the United States trade based on the principles of comparative advantage,
a) both countries can consume outside of their respective production possibilities frontiers
b) both countries can have more airplanes and cars than they would have without trade
c) Japan will specialize in cars and the United States will specialize in airplanes
d) all of the answers are correct
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