contestada

Gains from trade can be measured by: Multiple choice question. counting the units of goods traded. comparing the levels of consumption available before and after the trade. comparing the units of goods traded. identifying the parties in the trade and comparing their overall income.

Respuesta :

Gains from trade can be measured by comparing the levels of consumption available before and after the trade.

  • Consumer surplus plus producer profits, or more broadly the increased output as a result of production specialization and the resulting trade, serve as a gauge of the overall benefits of trade.
  • Gains from trade may also refer to the net advantages to a nation of removing trade restrictions like import taxes.

Today, our attention is on three types of trade-related profits:

  • 1) Variety-loving gains brought on by intra-industry trade;
  • 2) allocative efficiency gains brought on by moving resources from small, less-productive businesses to large, more-productive ones;
  • 3) productive efficiency advantages brought on by increased productivity.

What gains consumption?

The “gains from exchange” (“consumption gain”) occur because of the opportunity to consume at different relative goods prices, even though production does not change.

Learn more about trade of grains https://brainly.com/question/13981842

#SPJ4

Otras preguntas