6. Which of the following statements is true? Although some individuals are made

Question

6. Which of the following statements is true? Although some individuals are made better off as a result of international trade, both countries may be worse off overall. a. b. All in both countries are made better off as a result of international trade. hin each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall. Each country as a whole is made better off as a result of international trade, but individuals within each country may be worse off d. 7. When China builds a dam using few machines and a great deal of labor, it is answering the part of one of the big economic questions a. "for whom b. "what" c. "where" d. "how e here to search

Explanation / Answer

6 d) More competitive people in both countries are made better off, whereas both countries as an overall are benefitted by international trade.

7) China is answering "how" to produce part of the economic question. It is deciding the combination ofmeans of production to be used.

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