Tuesday
March 31, 2015

Homework Help: macroeconomics

Posted by Carrigon on Tuesday, May 21, 2013 at 1:09pm.

The basis for international trade is that:
a. a nation can import a particular good at a lower cost than if it were produced domestically.
b. we stand to gain if we can sell more to other nations than they buy fro us
c. there are winners and losers
d. it pays to trade, provided we remain independent by producing all our necessities.

I put a is that right.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Microeconomics - Which statement is FALSE? A. If the U.S. can produce rice more ...
International Trade-Economics - The demand and supply curves for an import-...
macroeconomics - (Import Substitution Versus Export Promotion) Explain why ...
MACROECONOMICS TERM PAPER TOPIC - Any good TOPICS in my MACROECONOMICS PAPER...
Economics - Why would the U.S. impose a voluntary export restraint on Japan for ...
Marketing - Define the term international trade. Explain how the balance of ...
Economics - 6. The idea that countries should produce and sell goods that they ...
Business, help asap! - here is the case. While in Australia, you discover a ...
Macroeconomics - How do you calculate the nominal GDP and the real GDP of ...
economics - Write a 300 - 400 word essay explaining the advantages and ...

Members