Which of the following is not a true statement about gains from trade? Select the correct answer below: If a country experiences gains from trade, it is better off than it would be without trade. Gains from trade means an increase in total surplus. Gains from trade are typically not distributed equally between consumers and producers. Gains from trade only benefit producers.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter21: International Trade And Finance
Section: Chapter Questions
Problem 10SQ
icon
Related questions
Question
Which of the following is not a true statement about gains from trade?
Select the correct answer below:
If a country experiences gains from trade, it is better off than it would be without
trade.
Gains from trade means an increase in total surplus.
Gains from trade are typically not distributed equally between consumers and
producers.
Gains from trade only benefit producers.
Transcribed Image Text:Which of the following is not a true statement about gains from trade? Select the correct answer below: If a country experiences gains from trade, it is better off than it would be without trade. Gains from trade means an increase in total surplus. Gains from trade are typically not distributed equally between consumers and producers. Gains from trade only benefit producers.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Trade
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Microeconomics: Private and Public Choice (MindTa…
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning