International free trade:
A. may have individual winners and losers of surplus within a country.
B. creates surplus only for the producers in a country.
C. allows everyone involved to gain surplus.
D. creates surplus only for the consumers in a country.
Answer: A
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Refer to the scenario above. The opportunity cost of producing one pound of oranges in Zeta is:
A) 1 pound of apples. B) 0.33 pounds of apples. C) 0.5 pounds of apples. D) 2 pounds of apples.
Capital and labor only very recently have been free to move across international borders
Indicate whether the statement is true or false
Which of the following is not a country or region most likely to be among industrial market countries?
a. Western Europe b. North American c. Australia d. South Asia e. Japan
To bring her family of four up to the poverty line, a woman would need to earn almost $_______ per hour, 40 hours per week, 52 weeks a year.
Fill in the blank(s) with the appropriate word(s).