Which of the following are reasons to trade with the rest of the world? Select all that apply.多项选择题

A

Risk sharing to mitigate the effects of macroeconomic shocks.

B

Consumption smoothing over time.

C

Protection of jobs in low-wage industries or sectors.

D

International specialization in the production of goods and services.

E

Exploit differences in absolute advantage across countries.

F

Exploit differences in comparative advantage across countries.

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