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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Why isn't trade among countries like a game with some winners and some losers?

To determine

The difference between the trade and game.

Explanation

The trade between the countries is not like a game because in a game it consists of a winner and a loser and there are two final outcomes, one is loss and other one is gain...

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