Trade raises the economic well-being of a nation in the sense that

Question

Quizplus · Accepted Answer

Trade can lead to economic growth and increased productivity, but it is not necessarily the case that everyone in an economy gains from trade (option B). Similarly, while countries may try to pick products that are most beneficial to society (option C), this is not always possible or practical. Option D is also not the best choice, as joining the international community is not necessarily a direct consequence of engaging in trade. The best choice is option A - as long as the gains of the winners from trade exceed the losses of the losers, trade can raise the economic well-being of a nation.

Trade Raises the Economic Well-Being of a Nation in the Sense