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That 1817 treatise argued free trade helps every partner, even the relatively inefficient ones, provided each country practises:
ANationalisation
BStandardisation
CSubsidisation
DSpecialization
Answer & Solution
Correct answer: D. Specialization
1. Each country does what it does best.
2. Trade then benefits all partners.
3. It is specialization.
_Source: OpenStax Principles of Economics 3e, Chapter 33, International Trade._
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