Multiple Choice
How does international trade affect the standard of living?
A) It raises the standard of living in all trading countries.
B) It lowers the standard of living in all trading countries.
C) It raises the standard of living in the exporting country and lowers it in the importing country.
D) It raises the standard of living in the importing country and lowers it in the exporting country.
Correct Answer:
Verified
Correct Answer:
Verified
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