Many of the gains from trade occur through a reallocation of a country's existing resources. These are known as the _____ gains from trade.
A) monetary.
B) static
C) opportunity
D) dynamic
E) only

Question

Quizplus · Accepted Answer

Static gains from trade refer to the immediate benefits a country experiences from reallocating its resources to more efficient uses as a result of trade, leading to an increase in overall economic welfare without necessarily changing the country's resources or technology.

Many of the Gains from Trade Occur Through a Reallocation