Countries gain from
A)taxes.
B)long-run tradeoffs between aggregate output and inflation.
C)trading goods and assets with each other.
D)inflation.
E)productivity slowdown.

Question

Quizplus · Accepted Answer

Trading goods and assets with each other allows countries to specialize in producing goods and services where they have a comparative advantage, resulting in increased efficiency and overall output. It also allows countries to acquire goods and assets they may not have domestically. Taxes, inflation, and productivity slowdowns typically have negative effects on a country's economy, while the long-run tradeoff between aggregate output and inflation is a concept that describes a tradeoff between economic growth and price stability rather than a gain for countries.

Countries Gain from