When economists talk about the gains from trade they mean that
A) no one ever gets hurt by trade.
B) the benefits of trade outweigh the losses.
C) business firms benefit from trade but not necessarily individuals.
D) trade increases government revenue through taxes on imports.
E) economic restructuring is usually quick and painless.
B
Economics
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A company that makes baseball caps is underutilizing its resources. What does this mean?
a) The company is running more efficiently than its competitors b) The company is paying its employees less than it should be c) The company is making caps when it could be making t-shirts instead d) The company is producing fewer caps than it could be
Economics
The internal rate of return equals the cost of capital when
A) NPV = 0. B) NPV > 0. C) NPV < 0. D) None of the above
Economics