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Which of the following is(are) correct regarding international trade? I.) In international trade all parties will benefit and no one will be hurt. II.) The

Which of the following is(are) correct regarding international trade?

I.) In international trade all parties will benefit and no one will be hurt.

II.) The purpose of tariff in international trade is to make exporting sector more competitive in the international market.

I only
II only
Both I and II
Neither I nor II

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