Which of the following statements best describes the costs of international trade? A. Countries without an absolute advantage in producing a good cannot benefit significantly from international trade....


Which of the following statements best describes the costs of international trade?


A. Countries without an absolute advantage in producing a good cannot benefit significantly from international trade. B. Resources may need to be allocated into or out of an industry, and less efficient companies may be forced to exit an industry, which in turn may lead to higher unemployment. C. Loss of manufacturing jobs in developed countries as a result of import competition means that developed countries benefit far less than developing countries from trade.



Dec 02, 2021
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