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PPF - Comparative Advantage and Trade
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PPF - Comparative Advantage and Trade
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2. Introductory Economic Models / PPF - Comparative Advantage and Trade / Problem 9
Problem 9
What is a key limitation of the comparative advantage model?
A
It assumes that opportunity costs are irrelevant.
B
It assumes no transportation costs between trading partners.
C
It assumes that trade always leads to negative outcomes.
D
It assumes that all countries have the same resources.
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