If the United States creates a trade agreement with Vietnam, we know that Vietnam will benefit, but trade with a developing country will not help the United States. b) Vietnam can get no benefit because its workers are not as productive as those in the United States. c) Vietnam can get no benefit because its businesses have less capital than those in the United States. d) Vietnam and the United States can both benefit. e) The physical and cultural differences between the two countries are too great for them to benefit from trade.
If the United States creates a trade agreement with Vietnam, we know that Vietnam will benefit, but trade with a developing country will not help the United States. b) Vietnam can get no benefit because its workers are not as productive as those in the United States. c) Vietnam can get no benefit because its businesses have less capital than those in the United States. d) Vietnam and the United States can both benefit. e) The physical and cultural differences between the two countries are too great for them to benefit from trade.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:If the United States creates a trade agreement with Vietnam, we know that
Vietnam will benefit, but trade with a developing country will not help the
United States.
Vietnam can get no benefit because its workers are not as productive as
b)
those in the United States.
Vietnam can get no benefit because its businesses have less capital than
c)
those in the United States.
d) Vietnam and the United States can both benefit.
The physical and cultural differences between the two countries are too great
e)
for them to benefit from trade.
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