If a wealthy nation such as the United States trades with a poorer, less developed nation like Cambodia, then it is likely true that:
A. the United States is taking advantage of Cambodia and is the only beneficiary to the trade.
B. Cambodia is pressured to enter trade and not benefiting at all.
C. both the United States and Cambodia can benefit from trading.
D. the United States is being charitable and not benefiting from the trade at all.
C. both the United States and Cambodia can benefit from trading.
You might also like to view...
Initially, demand-pull inflation will
A) increase both the price level and increase real GDP. B) shift the aggregate supply curve rightward. C) decrease potential GDP. D) increase the price level and decrease real GDP. E) increase the price level and not change real GDP.
Suppose that the own-price elasticity for Ragu spaghetti sauce is -1.25. Which of the following is (are) true?
A) The demand for Ragu spaghetti sauce is unitary elastic. B) A 10% decrease in price leads to an 8% increase in quantity demanded. C) A 4% increase in price leads to a 5% decrease in quantity demanded. D) None of the above.