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28 Sep 2019
Based on the trade theories, which of the following statement is NOT true?
a.Trade is good for the exporting country and bad for the importing country as it causes job loss in the importing country.
b.Trade allows a trading nation to consume beyond its production capacity.
c.Trade causes expansion in the export sector and contraction in the import-competing sector.
d.Trade is mutually beneficial for all trading nations.
Based on the trade theories, which of the following statement is NOT true?
a.Trade is good for the exporting country and bad for the importing country as it causes job loss in the importing country.
b.Trade allows a trading nation to consume beyond its production capacity.
c.Trade causes expansion in the export sector and contraction in the import-competing sector.
d.Trade is mutually beneficial for all trading nations.
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Anne Gillian DueroLv10
28 Sep 2019