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Which of the following statements provides the clearest explanation of how the International Trade Creates Winners and Losers article demonstrates the concept of comparative advantage?
Which of the following statements provides the clearest explanation of how the International Trade Creates Winners and Losers article demonstrates the concept of comparative advantage? Question 22Select one: a. International Trade Creates Winners and Losers applies to comparative advantage because in the article it discusses how China is the leader in production and exports. b. One example from the article states that people like to buy imported goods because producers can produce these goods at a lower cost than domestic producers. c. Trade creates winners and losers only because it largely focuses on who has comparative advantage in a certain product and how much they can produce. Those that can produce more of the good should produce more of the good. d. It is demonstrated in the article when it goes over the "losers" in trade. These are the third party companies that sell products that cannot compete in a global marketplace
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