Regarding International Trade, indicate all of the following true statements:

When two countries trade goods, that is actually a shorthand phrase referring to when independent businesses sell goods and services to individual people and/or businesses in different countries. So to clear up that shorthand, since any benefits accrue to individuals and businesses on a private exchange by private exchange basis then the phrase is actually a political concept, not an economic concept.

When two countries trade goods, the country that is the producer (home of the jobs) is the winning country. When two countries trade goods, that is actually a shorthand phrase referring to when independent businesses sell goods and services to individual people and/or businesses in different countries. So to clear up that shorthand, it really means that the winning country is the country with the most favorable aggregate balance of all individual exchanges.

When two countries trade goods, the country that is the consumer (home of the retail outlets) is the winning country.