Principles of Macroeconomics Study Set 2
Quiz 3: Interdependence and the Gains From Trade
In Most Countries Today, Many Goods and Services Consumed Are
In most countries today, many goods and services consumed are imported from abroad, and many goods and services produced are exported to foreign customers.
Explore answers and all related questions
Interdependence among individuals and interdependence among nations are both based on the gains from trade.
If a person chooses self-sufficiency, then she can only consume what she produces.
If Wrex can produce more math problems per hour and more book reports per hour than Maxine can, then Wrex cannot gain from trading math problems and book reports with Maxine.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved