An important insight of international trade theory is that when two countries engage in voluntary trade
A) one country always benefits at the expense of the other.
B) it is almost always beneficial to both countries.
C) it only benefits the low wage country.
D) it only benefits the high wage country.
E) it is almost never beneficial to both countries.
B
You might also like to view...
The "rate of return" refers to:
a. the increase in future output made possible by investing one unit of current output in capital accumulation. b. the dividend payments made on corporate issued stock. c. the increase in current output made possible by investing in units of future output in capital accumulation. d. the rate at which capital depreciates.
Expansionary fiscal and monetary policy from 2008 to 2010, took the risk of being inflationary for the sake of avoiding additional unemployment
a. True b. False Indicate whether the statement is true or false