The gains from trade refers to
A)A duty levied on goods when they enter and leave a country's national boundary
B)A tariff that maximizes a country's welfare
C)Net benefits or increases in goods that a country gets by trading with other countries
D)The demand and supply curve of a country

Question

Quizplus · Accepted Answer

The gains from trade refer to the net benefits or increases in goods and services that a country can achieve by engaging in trade with other countries, allowing it to consume more than it would in isolation.

The Gains from Trade Refers to