International trade between countries typically produces a winner and a loser.Generally, it is the economically more advanced country that gains at the expense of the less developed nation.

Question

Quizplus · Accepted Answer

This statement is incorrect. International trade can produce mutual benefits for both countries involved. Both countries can gain from the exchange of goods and services, increased economic growth, and job creation. It is not always the case that one country gains at the expense of the other.

International Trade Between Countries Typically Produces a Winner and a Loser.Generally