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Jennthejelly Jennthejelly
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A year ago
There will be no gains from specialization and trade between two countries if
1) neither country has an absolute advantage in the production of any good;
2) neither country has a comparative advantage in the production of any good;
3) opportunity costs differ too much between the two countries.

▸ 1 only

▸ 2 only

▸ 3 only

▸ 1 and 2

▸ 2 and 3
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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ecunis1ecunis1
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#1
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A year ago
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