explain what is wrong with the following statement: "trade is self-eliminating. Opening up trade opportunities drives prices and costs into equality between countries. But once prices and costs are equalized, there is no longer any reason to trade the product from one country to another, and trade stops

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter3: Global Business
Section3.5B: International Economic Organizations Working To Foster Trade
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explain what is wrong with the following statement: "trade is self-eliminating. Opening up trade opportunities drives prices and costs into equality between countries. But once prices and costs are equalized, there is no longer any reason to trade the product from one country to another, and trade stops
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