Asked by

Brittany Thompson
on Nov 17, 2024

verifed

Verified

If US workers can produce everything in less time than Mexican workers, it is not possible for the US to gain from trade with Mexico.

Gain From Trade

The advantage or improvement in outcome that countries or individuals achieve by specializing in the production of goods they can produce most efficiently and trading them for others.

Mexican Workers

Denotes individuals from Mexico who are part of the labor force, either within Mexico or in other countries.

US Workers

Individuals employed within the United States, encompassing a wide range of occupations and industries.

  • Analyze the impact of trade on prosperity and how it affects different stakeholders.
verifed

Verified Answer

CB
Channel BlainoNov 24, 2024
Final Answer:
Get Full Answer