Question

According to international trade theory, a country can gain

a. only if the trade harms its trading partners.

b. if it maximizes the employment in domestic industries that face competition from foreign producers who have lower costs.

c. if it protects domestic industries from low-wage foreign producers.

d. by importing goods when they can be obtained more economically from foreign producers.

Answer 1

I think the most appropriate answer would be B.


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