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The primary gain from international trade is:

a) increased employment in the domestic export sector

b) increased employment in the domestic import sector

c) tariff revenue

d) more goods than would be attainable through domestic production alone

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Yusra Anees
Yusra AneesLv10
11 Mar 2021

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Related questions

International trade is advantageous because trade makes it possible for people in each country to:
 
A) import and export
 
B) export more than they import
 
C) employ more of their domestic resources producing things that are costly for them to produce domestically
 
D) acquire goods from foreigners more economically than they could be produced domestically
 
E) do all of the above

International trade permits greater consumption than would be possible from domestic production alone. a. True b. False

4) Consider a country that is initially autarkic and then engages freely in international trade. If a country has a comparative advantage in the production of soybeans, it will most probably A) derive no advantage from any trade in soybeans. B) decrease the production of soybeans for domestic consumption. C) increase the production of soybeans for domestic consumption. D) increase the production of soybeans to allow for the export of soybeans. E) import soybeans

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