menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question
True or false: when a country is too small to affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result
asked
Sep 26, 2019
28.7k
views
3
votes
True or false: when a country is too small to affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.
Social Studies
college
Shawn Janas
asked
by
Shawn Janas
8.1k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
5
votes
It is true, but the world can only benefit if there is international trade. The countries can benefit from international business because they can do importing what they cannot competently produce locally and do exporting those services and products where it has a complete or virtual advantage.
Khawarizmi
answered
Oct 1, 2019
by
Khawarizmi
9.0k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Feb 1, 2018
130k
views
True or false: when a country is too small to affect the world price, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international
Kon
asked
Feb 1, 2018
by
Kon
8.7k
points
Business
high-school
2
answers
1
vote
130k
views
asked
Mar 21, 2024
214k
views
A negative (unfavorable) balance of trade where imports exceed exports in value________ a. Trade Deficit b. Trade Surplus c. Trade Equilibrium d. Trade Divergence
Pushpendra Yadav
asked
Mar 21, 2024
by
Pushpendra Yadav
7.3k
points
Business
high-school
1
answer
1
vote
214k
views
asked
Oct 21, 2024
231k
views
Select all that apply When the world price for a product is below the Canadian price, what will Canada experience? A. More imports B. A domestic shortage C. More exports D. A domestic surplus
Tharkius
asked
Oct 21, 2024
by
Tharkius
7.9k
points
Social Studies
high-school
1
answer
3
votes
231k
views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.
9.4m
questions
12.2m
answers
Other Questions
Who was the boy who became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Why wasn't New England's land well-suited for farming
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org