Interdependence and the Gains from Trade
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4 Terms
1
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other countries
in our modern global economy, many of our products from ?
2
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mutual, equal
in trade there is ? benefit, not ? benefit
3
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specialize, return
people ? in what they do best and trade because they get something in ?
4
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YES
Mr. Rancher is better at making meat and potatoes while Mr. Farmer sucks at making both… should Mr. Rancher still trade with Mr. Farmer?
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