The term "gains from trade" means the
A) total surplus in a market.
B) higher prices that firms get when they sell abroad rather than in home markets.
C) benefits that come from reallocating resources, goods, and services to better uses.
D) alliances that nations make with each other when trade occurs between them.
Correct Answer:
Verified
Q2: The benefits that come from reallocating resources,
Q3: Markets allocate
A)resources, goods, and services.
B)money and services
Q4: Which of the following is NOT an
Q5: What is the function of the markets?
A)Markets
Q6: The main role of markets is:
A)facilitating consumption.
B)preventing
Q7: When you assign tasks to employees based
Q8: You have an absolute advantage in producing
Q9: The person who can produce a product
Q10: The person who has an absolute advantage
Q11: Ang can mow the lawn in two
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