Trade enhances the economic well-being of a nation in the sense that:
a. trade puts downward pressure on the prices of all goods.
b. both domestic producers and domestic consumers of a good become better off with trade, regardless of whether the nation imports or exports the good in question.
c. the gains of domestic producers of a good exceed the losses of domestic consumers of a good, regardless of whether the nation imports or exports the good in question.
d. trade results in an increase in total surplus compared with a closed economy.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Trade enhances the economic well-being of a nation in the sense that: a. trade puts downward pressure on the prices of all goods. b. both ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.30, freight-in $0.20, and receiving and handling $0.10.
Answers (1)
Ute Co. had the following capital structure during Year 1 and Year 2: Preferred stock, $10 par, 4% cumulative, 25,000 shares issued and outstanding $ 250,000 Common stock, $5 par, 200,000 shares issued and outstanding 1,000,000 The preferred stock
Answers (1)
Edgar accumulated $5,000 in loan debt. If the interest rate is 20% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding
Answers (1)
Lily sells loose tea for $0.71 per gram. If one gram is equivalent to 0.035273 ounces, how much does it cost to buy 0.45 pounds of Lily's tea? a. $108.70 b. $144.93 c. $536.77 d. $715.69
Answers (2)
Paiva Corporation splits its common stock 2 for 1, when the market value is $80 per share. Prior to the split, Paiva had 100,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock a.
Answers (1)
New Questions in Business
Elimination x-y=-8 and 3x + 7y = - 14
Answers (1)
Managers often base their hiring decisions on gut feelings. these feelings are typically formed within two minutes of meeting a job applicant and have little to do with the applicant's ability to do the job.
Answers (1)
Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had taken $1,200 of depreciation deductions on the machine through the date of the sale.
Answers (1)
Which type of training would be considered vocational training?
Answers (2)
Which of the following is not a step in creating operating department income statements? eliminate the uncontrollable costs for each department. allocate indirect expenses across departments. prepare the departmental income statements.
Answers (1)