International trade benefits a nation when a. its revenue from selling abroad exceeds its outlays from buying

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International trade benefits a nation when

a. its revenue from selling abroad exceeds its outlays from buying abroad.

b. its trading partners experience reduced economic well-being.

c. all nations are specializing in producing what they do best.

d. no domestic jobs are lost because of trade.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:01 PM

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International trade benefits a nation when a. its revenue from selling abroad exceeds its outlays from buying

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Principles Of Microeconomics

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