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.

Similar Questions
  1. Voluntary export restraints __________.have the same effect as an import ban are illegal under the international trading rules
    1. answers icon 4 answers
  2. What impact did the Industrial Revolution have on international trade?A. International trade increased due to the abundance of
    1. answers icon 0 answers
    1. answers icon 1 answer
  3. On which factor are monetary exchange rates based?A. the level of entrepreneurship in a nation's economy B. the goods in which a
    1. answers icon 1 answer
more similar questions