Solved

Which of the Following Statements Is True

Question 93

Multiple Choice

Which of the following statements is true?


A) There are no gains from trade between people in different countries because, with international trade, it's the countries that trade, and not its people, that realize the gains.
B) Trade between people in different countries cannot occur.
C) Trade between people in different countries can occur, but it will not result in an increase in consumer satisfaction.
D) Trade between people in different countries can occur, but it will not lead them to better utilize their comparative advantage.
E) Trade between people in different countries can occur, and the gains that occur are the same as the gains from trade within a country.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions