The Source of Gains from Trade Is _____

question 71

Multiple Choice

The source of gains from trade is _____.

• A)tariff revenue
• B)self-sufficiency
• C)terms of trade
• D)absolute advantage
• E)comparative advantage

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Definitions:

Quilt-Making

The craft or activity of making quilts, which involves sewing together layers of fabric to create decorative bedding.

Enslaved Women

Females who were subjected to slavery, denying them their freedom and rights.

Slave Population

The segment of a country's or region's population that is subjected to slavery, which involves forced labor and lacks personal freedom.

Mulattoes

Historically, a term used to refer to individuals born from one white parent and one black parent, or more broadly, to people of mixed African and European ancestry.