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.
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.
Chapter28: International Trade
Section: Chapter Questions
Problem 7P
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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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