A rich country that opened its borders to trade with a poor country would cause in the long run
A) Increased GDP for the rich country but not the poor country.
B) Increased GDP for the rich country and the poor country.
C) Increased GDP for the poor country but not the rich country.
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

Opening borders to trade can lead to increased economic interdependence and specialization, which can result in increased economic growth and productivity for both countries. The rich country can benefit from gaining access to cheaper labor and resources, while the poor country can benefit from gaining access to new markets and investment opportunities. However, the degree of benefit for each country will depend on several factors such as the competitiveness of their industries, the level of trade barriers, and the extent of economic and political reforms.

A Rich Country That Opened Its Borders to Trade with a Poor