A nation benefits from international trade if it: a. exports ...

[EAugust]

A nation benefits from international trade if it:
 a. exports more than it imports.
  b. imports more than it exports.
  c. imports goods for which it is a low opportunity cost producer.
  d. exports goods for which it is a low opportunity cost producer.

Question 2

The French economist Jean-Baptiste Say transformed the equality of total output and total spending into a law that can be expressed as follows:
 a. Unemployment is not possible in the short run.
  b. Demand and supply are never equal.
  c. Supply creates its own demand.
  d. Demand creates its own supply.

[tdewitt]

Answer to Question 1

d

Answer to Question 2

c

[EAugust]

Thanks for the timely response, appreciate it

[phuda]

Excellent