"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers." This statement is correct for a nation that exports manufactured goods, but it is not correct for a nation that imports manufactured goods.

Economic Well-Being

A measure of how well individuals or societies can satisfy their wants and needs through the production, distribution, and consumption of goods and services.

Exports

Goods or services produced in one country and sold to buyers in another country, often contributing to a nation's gross domestic product.

Imports

Goods or services brought into one country from another for sale.