-The Data in the Above Table Demonstrates That Gains from Trade

question 417

Multiple Choice

-The data in the above table demonstrates that gains from trade can be captured if

• A) the United States produced both goods.
• B) the United States produced steel in exchange for concrete produced in France.
• C) the United States produced concrete in exchange for steel produced in France.
• D) each country became self-sufficient, produced both goods for itself, and did not engage in trade.