Asked by
Rachel A. Montgomery
on Nov 29, 2024Verified
It is ____ that in international trade,when one country gains,another loses;it is ___ that to assure prosperity for its citizens,a nation should do all it can to promote exports and keep out imports.
A) true;true
B) false;false
C) false;true
D) true;false
International Trade
The exchange of goods, services, and capital across international borders or territories, which involves the import and export activities between different countries.
Prosperity
A state of economic well-being and successful, flourishing conditions, often associated with wealth.
Exports
Goods or services produced in one country and sold to buyers in another, contributing to a nation's gross domestic product.
- Understand the fundamental principles of international trade.
Verified Answer
CR
Learning Objectives
- Understand the fundamental principles of international trade.