When There Are Gains to Be Had by Both Countries

question 8

Multiple Choice

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

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Definitions:

Valid Argument

A logical argument where, if the premises are true, the conclusion necessarily follows, demonstrating sound reasoning.

Deductive Arguments

A form of reasoning where the conclusion logically follows from the given premises, ensuring that if the premises are true, the conclusion must also be true.

Four Premises

The foundational statements or propositions that form the basis of an argument or reasoning.

Valid Argument

An argument where, if the premises are true, the conclusion necessarily follows.