If two countries can benefit by trading with each other, no industries in either country may suffer.

Question

Quizplus · Accepted Answer

While trade can bring benefits to both countries, certain industries in one or both countries may suffer as a result of competition from foreign companies. This is a concept known as "creative destruction" in economics, where the emergence of new industries and trade patterns can lead to the decline or disappearance of old ones.

If Two Countries Can Benefit by Trading with Each Other