International trade is
A)a "zero-sum" game in which one country benefits at the expense of another country.
B)an "increasing-sum" game at which all players become winners.
C)prone to both countries being worse off than had they not participated in international trade.
D)none of the options

Question

Quizplus · Accepted Answer

International trade is an "increasing-sum" game as it enables countries to specialize in the production of goods and services in which they have a comparative advantage, leading to increased production efficiency and lower costs. This enables all players (countries) to become winners as they can consume more goods and services at a lower cost than they would have been able to produce themselves.

International Trade Is