In the study of international economics:
A)international trade policies are examined before the bases for trade
B)adjustment policies are discussed before the balance of payments
C)the case of many nations is discussed before the two-nations case
D)none of the above

Question

Quizplus · Accepted Answer

In the study of international economics, the typical approach is to first understand the bases for trade (why nations trade), then examine the balance of payments (to understand a country's financial and economic status in the international context), and often start with the simpler two-nations case before moving on to more complex scenarios involving many nations. Therefore, none of the provided options accurately describe the standard approach in international economics studies.

In the Study of International Economics