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campario campario
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7 years ago
According to the theory of comparative advantage, a country gains from foreign trade even though it may have an absolute advantage in the production of all products because ________.
A) the country will forego producing its less efficient output in order to produce its more efficient output
B) workers become more efficient through specialization
C) economies of scale will reduce cost
D) there will be more incentive to develop cost-saving technologies
Textbook 
International Business

International Business


Edition: 15th
Authors:
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International Business Student!
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KitechiKitechi
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7 years ago
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