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According to the President's Council of Economic Advisors,"The Gains from Trade

Question 56

Multiple Choice

According to the President's Council of Economic Advisors,"The gains from trade that takes place __________ are no different than the gains from trade __________.When a good or service is produced at lower cost in another country,it makes sense to import it rather than to produce it domestically."


A) over the Internet or telephone lines;in physical goods transported by ship or plane
B) over the Internet or telephone lines;due to the movement of real assets
C) due to the movement of real assets;over the Internet or telephone lines
D) due to the movement of financial assets;in physical goods transported by ship or plane
E) due to the movement of financial assets;over the Internet or telephone lines

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