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Business, 31.03.2020 00:51 moniquejackson2

What is true of the relationship between trade and economic growth? Group of answer choices Free trade hampers economic growth and leads to lower living standards in the long run. The Leontief paradox notes that adopting an open economy and embracing free trade does not reward a nation with higher economic growth. Countries open to international trade display higher growth rates than those that close their economies to trade. Within a group of developing countries, closed economies grow faster than open economies.

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