Who sells what to whom
A) has been a major preoccupation of international economics.
B) is not a valid concern of international economics.
C) is not considered important for government foreign trade policy since such decisions are made in the private competitive market.
D) is determined by political rather than economic factors.
E) is less important than international economic theory.

Question

Quizplus · Accepted Answer

The question of who sells what to whom is a major concern of international economics. This is because international trade involves the exchange of goods and services between different countries, and understanding the patterns of trade is important for economic growth, development, and stability. International trade theories such as comparative advantage, factor endowments, and intra-industry trade help explain why countries trade certain goods with each other and how to improve the efficiency of international trade. Policymakers also use trade data to inform their decisions about tariffs, quotas, and other trade policies.

Who Sells What to Whom