International free trade:
A. allows everyone involved to gain surplus.
B. may have individual winners and losers of surplus within a country.
C. creates surplus only for the producers in a country.
D. creates surplus only for the consumers in a country.
B. may have individual winners and losers of surplus within a country.
You might also like to view...
The difference between export spending on domestically produced goods and services by individuals in other countries and import spending on foreign produced goods and services by domestic residents is called:
A) net export expenditure. B) personal consumption expenditure. C) government expenditure. D) investment expenditure.
In the short run, a profit-maximizing price taker will expand output as long as the market price exceeds
a. average variable cost. b. marginal cost. c. average total cost. d. average fixed cost.