The main advantage of trade between two countries is that A) trade makes both countries more self-sufficient.B) employment in both countries will increase.C) both countries can produce beyond their previous resource and productivity constraints.D) both countries can consume beyond their previous resource and productivity constraints.

International trade is the exchange of goods and services across international boundaries. The trade…

Answered: The main advantage of trade between two…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The main advantage of trade between two countries is that

A) trade makes both countries more self-sufficient.
B) employment in both countries will increase.
C) both countries can produce beyond their previous resource and productivity constraints.
D) both countries can consume beyond their previous resource and productivity constraints.

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