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Trade opens between the two countries

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Reference no: EM131166923

Assuming that Country A has a comparative advantage in wheat and Country B in wine, which of the following is true?

a. The price of wheat in country B falls when trade opens between the two countries.

b. The price of wine in country B falls when trade opens between the two countries.

c. The prices of wine and wheat in country B fall when trade opens between the two countries.

Reference no: EM131166923

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