Are the following statements true or falseExplain in each case.a. Two countries can
Chapter 3, Problem 9(choose chapter or problem)
Are the following statements true or false?Explain in each case.a. Two countries can achieve gains from tradeeven if one of the countries has an absoluteadvantage in the production of all goods.b. Certain very talented people have a comparativeadvantage in everything they do.c. If a certain trade is good for one person, itcant be good for the other one.d. If a certain trade is good for one person, it isalways good for the other one.e. If trade is good for a country, it must begood for everyone in the country.
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