MCQOPTIONS
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| 1. |
Under Heckscher-Ohlin Model, international trade can lead to increases in: |
| A. | Consumer welfare only if output of both products is increased |
| B. | Output of both products and consumer welfare in both countries |
| C. | Total production of both products, but not consumer welfare in both countries |
| D. | Consumer welfare in both countries, but not toal production of both products. |
| Answer» C. Total production of both products, but not consumer welfare in both countries | |