International trade benefits a nation when a. its revenue from selling abroad exceeds its outlays from buying abroad. b. its trading partners experience reduced economic well-being. c. all nations are specializing in producing what they do best. d. no domestic jobs are lost because of trade.

International trade benefits a nation when a. its revenue from selling abroad exceeds its outlays from buying abroad. b. its trading partners experience reduced economic well-being. c. all nations are specializing in producing what they do best. d. no domestic jobs are lost because of trade.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter19: International Trade

Section: Chapter Questions

Problem 4QFR

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Question

International trade benefits a nation when

a. its revenue from selling abroad exceeds its outlays from buying abroad.

b. its trading partners experience reduced economic well-being.

c. all nations are specializing in producing what they do best.

d. no domestic jobs are lost because of trade.

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