Answered

Find the best solutions to your problems with the help of IDNLearn.com's experts. Discover prompt and accurate answers from our community of experienced professionals.

Explain why international trade is not a zero-sum game.

Sagot :

Answer:

Mercantilism regards International trade as a zero-sum game, a country can only make a profit while exporting, not importing, and it loses profit in its imports. Adam Smith proved that it is incorrect; International trade is a positive-sum game, both countries can benefit from each other, and neither of them loses.

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Discover insightful answers at IDNLearn.com. We appreciate your visit and look forward to assisting you again.