Net gains from international trade are positive.

Name: Net gains from international trade are positive.
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Question

Quizplus · Accepted Answer

Net gains from international trade are positive because countries can specialize in producing goods that they have a comparative advantage in and then trade with other countries for goods that they do not produce efficiently. This leads to increased efficiency, lower prices, and higher levels of consumption and production for all countries involved.

Net Gains from International Trade Are Positive