International trade is
A)a "zero-sum" game in which one country benefits at the expense of another country.
B)an "increasing-sum" game at which all players become winners.
C)none of the above

Question

Quizplus · Accepted Answer

International trade is an "increasing-sum" game in which all players become winners. This is because each country can specialize in producing goods or services that they have a comparative advantage in, and then trade with other countries for goods or services that they do not produce as efficiently. This leads to more efficiency, increased productivity, and higher economic growth for all involved. It is not a zero-sum game where one country benefits at the expense of another, as both countries can benefit from international trade.

International Trade Is