Commodities exported and imported by each nation constitute the trade; C: gains from trade; D: pattern of trade). (A: basis for trade; B: losses from
Commodities exported and imported by each nation constitute the trade; C: gains from trade; D: pattern of trade). (A: basis for trade; B: losses from
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Commodities exported and imported by each nation constitute the
trade; C: gains from trade; D: pattern of trade).
(A: basis for trade; B: losses from](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F955ff4f4-16d4-4965-9c48-d9ab4c3976eb%2F570e1b27-ba7b-4c64-9382-58e60b01a75e%2Fq3e65xb_processed.png&w=3840&q=75)
Transcribed Image Text:Commodities exported and imported by each nation constitute the
trade; C: gains from trade; D: pattern of trade).
(A: basis for trade; B: losses from
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
When talking about exporting and importing of goods and services between countries , it can be said that exports and imports are made in international market when an individual is required to go back home.
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