"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." This statement is correct for a nation that exports manufactured goods, but it is not correct for a nation that imports manufactured goods.

Question

Quizplus · Accepted Answer

Trade can raise the economic well-being of a nation regardless of whether it exports or imports manufactured goods, as the overall gains from trade can exceed the losses, benefiting the nation as a whole.

"Trade Raises the Economic Well-Being of a Nation in the Sense