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Chako Chako
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Posts: 2948
8 years ago
If a very small country trades with a very large country according to the Ricardian model, then
A) the small country will suffer a decrease in economic welfare.
B) the large country will enjoy gains from trade.
C) the large country will suffer a decrease in economic welfare.
D) the small country only will enjoy gains from trade.
E) both countries will enjoy equal gains from trade.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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8 years ago
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Chako Author
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8 years ago
Correct!
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7 years ago
Don't forget to vote my answer as best Nerd Face
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