Item9

In each country, international trade divides society into those who gain from trade and those who lose from trade because

Multiple Choice

• changes in product prices caused by trade will increase rewards to the suppliers of some factors and decrease rewards to suppliers of other factors.
• trade is a zero-sum activity, and if someone gains, someone must lose.
• those who own the factors of production gain and those who can only offer their work lose.
• those who import products have better opportunity to make money than those who export products.