International trade exists only when a country can gain a trade advantage over another country.

Name: International trade exists only when a country can gain a trade advantage over another country.
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Question

Quizplus · Accepted Answer

This statement is false. International trade can benefit both countries involved if they specialize in the goods and services they can produce most efficiently and trade with each other. This can result in lower prices, more variety, and greater economic growth for both countries.

International Trade Exists Only When a Country Can Gain a Trade