"Free trade benefits one country at another country's expense." Evaluate this statement using economic analysis
The statement is false. Trade must be mutually beneficial, or else why trade? A country does not agree to trade unless it benefits.
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Why is a monopoly inefficient?
What will be an ideal response?
What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively?
A. 4 tons of oranges and 2 tons of oranges
B. 2.5 tons of oranges and .4 tons of oranges
C. .25 tons of oranges and .5 tons of oranges
D. 2 tons of oranges and 4 tons of oranges
Which of the following is not included in the current account?
A. exports of goods B. imports of goods C. U.S. capital inflow and outflow D. unilateral transfers
Almost all of the immigrants into the United States are uneducated.
Answer the following statement true (T) or false (F)