Gains from international trade are best characterized as potential gains from:
A) importation.
B) exportation.
C) neither importation nor exportation.
D) both importation and exportation.

Question

Quizplus · Accepted Answer

Gains from international trade are best characterized as potential gains from both importation and exportation. By importing goods and services from foreign countries, countries can benefit from having access to a wider variety of goods at lower prices. By exporting goods and services, countries can increase their economic output and revenue by selling goods to foreign markets. Therefore, both importation and exportation are important for maximizing the benefits of international trade.

Gains from International Trade Are Best Characterized as Potential Gains