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with trade and specialization: a. people will shift their production/possibilities frontier beyond their consumption/possibilities frontier. b. the poor get rich and the rich get poor.
with trade and specialization:
a. people will shift their production/possibilities frontier beyond their consumption/possibilities frontier.
b. the poor get rich and the rich get poor.
c. the rich get poorer and the poor get children.
d. people will shift their consumption/possibilities frontier beyond their production/possibilities frontier.
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