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Based on the trade theories we have discussed in the course, which of the following statement is NOT true? a. Trade is mutually beneficial for all trading nations. b. Trade allows a trading nation

Based on the trade theories we have discussed in the course, which of the following statement is NOT true?

a. Trade is mutually beneficial for all trading nations.

b. Trade allows a trading nation to consume beyond its production capacity.

c. Trade is good for the exporting country and bad for the importing country as it causes job loss in the importing country.

d. Trade causes expansion in the export sector and contraction in the import-competing sector.

Jun 10 2021 View more View Less

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