With Respect to International Trade,a Zero-Sum Game Is One in Which

question 43

Multiple Choice

With respect to international trade,a zero-sum game is one in which:

• A)Only one nation can gain from trade,and it is at the expense of other nations
• B)All nations can gain from trade mutually without any reduction in welfare to any nation
• C)No nations gain from trade,as it is necessary for each country to sacrifice more than they gain.
• D)Only the two nations engaged in trade will benefit and the other nations will lose.