30. If the Portuguese were to insist on consuming 90 bottles of wine, what does that imply for trade between these countries?
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There would be no trade. |
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The Portuguese would be consuming beyond their |
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The English would benefit from producing their own wine. |
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Both countries would benefit more. |
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None of the above. |
International trade refers to the exchange of goods and services across national borders. It involves the buying and selling of products between individuals, businesses, or governments in different countries. International trade can take various forms, such as the importation and exportation of physical goods, the provision of services, or the transfer of intellectual property and technology.
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