When a country gains from trade:
A) everyone in the country benefits from the trade.
B) the country's net gain of surplus is positive.
C) the country's total producer surplus increases.
D) the country's total consumer surplus increases.
Correct Answer:
Verified
Q17: Which of the following is true about
Q18: Both countries can benefit from trade when:
A)at
Q19: If England buys hockey sticks from Canada,
Q20: For the most part, trade between many
Q21: Technology or production processes developed in a
Q23: Which of the following statements is true
Q24: An important determinant of comparative advantage is:
A)diversity
Q25: Once a new technology spreads and is
Q26: Even if there are big gains to
Q27: A country may gain a temporary comparative
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