When trade takes place and there are no externalities or fraud,then
A) the more powerful party benefits and the other loses.
B) both parties benefit.
C) both parties are worse off as they could have made the goods themselves, assuring themselves of full employment.
D) both parties benefit only if the price is a just price.
Correct Answer:
Verified
Q2: Which of the following is NOT part
Q3: Mr.X,an American,loses his job due to foreign
Q4: With differing comparative advantages,nations who trade (compared
Q5: The wages of workers displaced by international
Q6: The size of the substitution effect when
Q7: Nation X can produce with one unit
Q8: Mr.X is a total loser.He is worse
Q9: Which of the following has NOT usually
Q10: The wage rates of Southerners have been
Q11: Mr.X values a good at $100 and
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