1. If Tyler and Alex are trading partners, do their gains from trade depend on whether...

1. If Tyler and Alex are trading partners, do their gains from trade depend on whether Tyler and Alex live in the same country?

a. It is better if Tyler and Alex are both Americans.

b. It is better if one of them is American and one is not.

c. It is better if neither of them is American.

d. It doesn't matter in which country Tyler and Alex live.

Solutions

Expert Solution

"D"

Gain from trade can be achieved irrespective of the place they are trading from its doesn't matter they are in US or any other place.

Rahul Sunny answered 1 year ago

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