Q
Given free trade, small nations tend to benefit the most from trade since they ?
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A
A. Are more productive than their large trading partners
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B
B. Are less productive than their large trading partners
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C
C. Have demand preferences and income levels lower than their large trading partners
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D
D. Realize terms of trade lying near the mrts of their large trading partners
Correct Answer:
D. D. Realize terms of trade lying near the mrts of their large trading partners
