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4. Approximately what percentage of the world's economies experience scarcity? a. 50% b. 25%
c. 100% 5. If Japan chooses to engage in trade, it a. will only benefit if it trades with countries
which produce goods it cannot produc b. cannot benefit if it trades with less developed countries.
c. should first attempt to produce the good itself. d. can benefit by trading with any other
country.

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