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Which of the following underlying facts about why trade is beneficial is false? Multiple Choice Today, thanks to the Internet and ease of transferring technologies,
Which of the following underlying facts about why trade is beneficial is false? Multiple Choice Today, thanks to the Internet and ease of transferring technologies, all countries engaged in trade have about the same level of technological expertise. 100% The distribution of natural, human, and capital resources among nations is uneven; nations differ in their endowments of economic resources. Efficient production of various goods requires different technologies, and not all nations have the same level of technological expertise. Products are differentiated as to quality and other attributes, and some people may prefer certain goods imported from abroad rather than similar goods produced domestically
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