The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-A country benefits from trade if it is able to obtain a good from a foreign country by giving up more of other goods than it would have to give up to obtain the good at home.

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-A country benefits from trade if it is able to obtain a good from a foreign country by giving up more of other goods than it would have to give up to obtain the good at home.

Quizplus · Accepted Answer

A country benefits from trade if it is able to obtain a good from a foreign country by giving up less of other goods than it would have to give up to obtain the good at home, thus achieving a more efficient allocation of resources.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity