When Two Countries Choose to Engage in International Trade,who Benefits

question 57

Multiple Choice

When two countries choose to engage in international trade,who benefits

• A)Both countries benefit.
• B)One country benefits while the other country loses.
• C)Since it is an exchange, neither country benefits nor loses.
• D)Only the larger country benefits.

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Definitions:

Poverty Line

A calculated income level used as a threshold to determine the minimum amount of income a family or individual needs to afford basic living expenses.

Poverty Rate

The percentage of the population that lives below the poverty line, indicating the level of economic deprivation in a community.

Lowest Quintile

Refers to the bottom 20% of the population according to income or wealth distribution.

Incomes

Incomes represent the money received, typically on a regular basis, for work or through investments.