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wrote...
Posts: 205
A month ago
Suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will:

▸ benefit chocolate workers, harm lace workers in the short run, but benefit the nation as a whole.

▸ harm chocolate workers in the short run, harm lace workers, but benefit the nation as a whole.

▸ benefit chocolate workers, harm lace workers in the short run, but harm the nation as a whole.

▸ harm chocolate workers in the short run, benefit lace workers, but benefit the nation as a whole.
Textbook 

Microeconomics: Principles, Applications, and Tools

Edition: 8th
Authors:
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wrote...
Posts: 237
A month ago
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harm chocolate workers in the short run, benefit lace workers, but benefit the nation as a whole.
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A month ago
You make an excellent tutor!
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