Which of the following statements about international trade is true? Answers:A. On a global scale imports must equal exports. B. Typically, countries with a large GDP experience a trade surplus. C. With trade, world consumption possibilities decrease. D. On a global scale, exports are greater than imports.

True about international trade On a global scale,imports and exports cannot be equal due to…

Answered: Which of the following statements about…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 52CTQ: In principle, the benefits of international trade to a country exceed the costs, no matter whether...

See similar textbooks

Related questions

Question

Which of the following statements about international trade is true?


Answers:	A. On a global scale imports must equal exports.
	B. Typically, countries with a large GDP experience a trade surplus.
	C. With trade, world consumption possibilities decrease.
	D. On a global scale, exports are greater than imports.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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.

Similar questions