A nation's true gain from international trade is:

Question

Quizplus · Accepted Answer

International trade allows countries to specialize in producing goods and services that they have a comparative advantage in, which leads to increased efficiency and productivity. This results in an overall increase in output and economic welfare for the country. While increased employment in export industries and added technological knowledge are also benefits of international trade, they are not the nation's true gain. Tariff revenue is a government revenue and does not directly benefit the nation as a whole.

A Nation's True Gain from International Trade Is