Who benefits from international trade? Who loses?
Consumers benefit, because trade allows for more efficient production. More output is produced from the
available resources. Producers who have no comparative advantage in the goods they produce may lose
because international competition undercuts their ability to compete successfully at home.
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The figure above shows the market for annual influenza immunizations the United States. Area B is the
A) gain in efficiency from the illustrated subsidy. B) remaining deadweight loss when there is the illustrated subsidy. C) deadweight loss when there is not the illustrated subsidy. D) equilibrium with the illustrated subsidy. E) loss in efficiency from the illustrated subsidy.
Which of the following is not a principal method of financing today?
A) common stock B) bond C) reinvestment D) the entrepreneur's wealth
The U.S. has one of the highest unionization rates of all the industrialized countries around the world
a. True b. False Indicate whether the statement is true or false
A family on a trip budgets $1,000 for meals and gasoline. If the price of a meal for the family is $50 and if gasoline costs $3.50 per gallon, then how many meals can the family buy if they buy 100 gallons of gasoline?
a. 13 b. 16 c. 19 d. 21