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(UCbLIUII .L I Regarding International Trade, indicate all of the following true statements: C] When two countries trade goods, that is actually a shorthand phrase

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\\(UCbLIUII .L I Regarding International Trade, indicate all of the following true statements: C] 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. Soto clear up that shorthand, since any benets 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. C] 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. 50 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. C] When two countries trade goods, the country that is the producer (home of the jobs) is the winning country. C] When two countries trade goods, the country that is the consumer (home of the retail outlets) is the winning 1% country

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