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:

Maker

In financial terms, the party that creates or issues a promissory note or draft, committing to pay the specified amount.

Bank Statement

A record issued by a bank detailing all transactions in a depositor's account over a given period.

Depositor's Account

An account maintained by a bank or financial institution for the depositor, recording the amount of money deposited.

Account Balance

The amount of money in a financial repository at any given moment, which can include bank accounts or credit accounts.