36) Which of the following claims is NOT true? A distribution of a given amount of goods is inefficient,
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if I am unhappy with what I have but I cannot find a trading partner because everybody else is happy with what they have
Related Micro Economics MCQ (GK Set-1) with Answers
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it can produce that good at a lower opportunity cost than its trading partner.
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Trade can benefit everyone in society because it allows people to specialize in activities in which they have a comparative advantage.
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countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners
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