1. Business
  2. Economics
  3. classify the following statements as true or false a true...

Question: classify the following statements as true or false a true...

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Classify the following statements as True or False: A. True B. False select1. Absolute advantage is the source for the potential gains from specialization and trade. select 2. The process of specialization and trade has positive net benefits and therefore beneficial to everyone. select 3. A nation will not have a comparative advantage in the trade of a good if it does not also have an absolute advantage in the production of that good. 4. A nation will not have an absolute advantage in the production of a good if it does not also have a comparative advantage in the trade of that good. 5. It can be mutually beneficial for two nations to specialize in production of goods for which they have a comparative advantage and then trade with each other. select select

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