Macroeconomics 11th Edition by Stephen Slavin

Exercise 41

Circle the letter that corresponds to the best answer. The basis for international trade is that _____.
A) a nation can import a particular good or service at a lower cost than if it were produced domestically
B) we stand to gain if we can sell more to other nations than they buy from us
C) there are winners and losers
D) it pays to trade, provided we remain independent by producing all our necessities