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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Are the gains from international trade more likely to be relatively more important to large or small countries?

To determine

The importance of gains from the international trade is more to small or large countries needs to be determined.

Explanation

Trade gains are exceedingly important to smaller countries, as their size prevents them from engaging in large economic production within their borders...

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