Author Question: When there are gains to be had by both countries that are party to an exchange, international trade ... (Read 61 times)

@Brianna17 · **on:** Jul 7, 2018

When there are gains to be had by both countries that are party to an exchange, international trade is considered a(n) ________.

A) positive-sum game
B) equal-sum game
C) negative-sum game
D) zero-sum game

Question 2

Which of the following most likely supports Rina's argument over Juan's concerning wages and working conditions in developing countries?

A) Most African countries today still suffer from low or negative GDP growth.
B) Vietnam has experienced a five-fold increase in wages as a result of the growth of the footwear industry there.
C) The move of Electrolux to Mexico cost Michigan 2,700 jobs.
D) Minimum wages should be established at set levels, regardless of the impact on the number of jobs.