International Trade Exists Only When a Country Can Gain a Trade

question 108

True/False

International trade exists only when a country can gain a trade advantage over another country.

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Definitions:

Eminent Domain

The right of a government to expropriate private property for public use, with compensation to the owner.

Private Citizen

An individual who does not hold any official or public position and is acting in their personal capacity.

Exclusive Right

A legal provision granting someone the sole authority to perform a particular activity or use a specific resource.

Broker

An individual or firm that acts as an intermediary between buyers and sellers to facilitate transactions, typically in exchange for a commission or fee.