We can conclude that international trade is beneficial because, regardless of whether the country imports or exports a good, the overall increase in well-being outweighs the losses associated with trade.

Question

​We can conclude that international trade is beneficial because, regardless of whether the country imports or exports a good, the overall increase in well-being outweighs the losses associated with trade.

Quizplus · Accepted Answer

International trade allows countries to specialize in the production of goods and services in which they have a comparative advantage, leading to increased efficiency and higher overall well-being. While there may be losses for certain sectors, the gains from trade typically outweigh these losses, benefiting the economy as a whole.

​We Can Conclude That International Trade Is Beneficial Because, Regardless

We Can Conclude That International Trade Is Beneficial Because, Regardless