Which of the following statements is true about the surplus gained from international free trade?
A) Everyone involved in trade gains surplus.
B) There may be individual winners and losers of surplus within a country.
C) Only the producers in a country gain surplus.
D) Only the consumers in a country gain surplus.
Correct Answer:
Verified
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
Q22: When a country gains from trade:
A)everyone in
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
Q28: Which of the following does not affect
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents