On what basis are the gains from trade divided between countries?

Question

Quizplus · Accepted Answer

The gains from trade are divided between countries based on the terms of trade. Terms of trade refer to the ratio at which a country can trade its exports for imports from another country. These terms of trade depend on the relative strengths of the countries' comparative advantages in producing various goods and services. Therefore, the gains from trade will be divided based on each country's ability to produce and trade specific goods and services at a favorable ratio.

On What Basis Are the Gains from Trade Divided Between