Asked by

Francis CuLaLa
on Nov 17, 2024

verifed

Verified

In principle, trade can make a nation better off, because the gains to the winners exceed the losses to the losers.

Nation Better Off

A situation where a country's economic health improves, indicated by factors like higher income, lower unemployment, and greater access to goods and services.

Losers

This term can refer to individuals or entities that do not succeed in a specific endeavor, competition, or economic situation.

  • Examine the role of trade in advancing a nation's economic welfare.
verifed

Verified Answer

MS
Mayelin SierraNov 17, 2024
Final Answer:
Get Full Answer