Asked by
Zachary Faust
on Nov 17, 2024
Verified
International trade can make some individuals within a country worse off, even as it makes the country as a whole better off.
International Trade
The swapping of merchandise and services between nations.
Country Better Off
A situation where a country's overall economic welfare or prosperity improves, often measured through metrics like GDP, employment rates, and living standards.
Individuals Worse Off
This term often references a situation where economic policies or market changes make certain individuals financially less well-off than before.
- Assess the ramifications of commerce on prosperity levels and its impact on different participants.
- Apprehend the conditions that impact the prosperity or adversity trade brings to individuals or countries.
Verified Answer
DR
Learning Objectives
- Assess the ramifications of commerce on prosperity levels and its impact on different participants.
- Apprehend the conditions that impact the prosperity or adversity trade brings to individuals or countries.