contestada

The country of Colfax can produce 15 units of rice or 10 units of plastic per day of labor. The country of Birklund can produce 18 units of rice or 12 units of plastic per day of labor. With regard to potential benefits of trading rice and plastic between Colfax and Birklund:
A)
there are no potential gains from trade.
B)
Colfax should produce and trade rice for Birklund's plastic.
C)
Birklund should produce and trade rice for Colfax's plastic

Respuesta :

tutorconsortium120

A) There are no potential gains from trade.

What is trade?

The voluntary exchange of commodities or services between economic players is referred to as trade. Since interactions are voluntary, trade is typically thought to be advantageous to both sides. Trading in finance is the buying and selling of securities or other assets.

Trade is essential to the prosperity of the United States because it boosts economic expansion, promotes domestic employment, raises living standards, and enables citizens to sustain their families with reasonably priced goods and services.

With $1.35 trillion in annual trade between nations, finished autos are the most popular good.

Technology disparities, resource endowment differences, demand differences, the presence of economies of scale, and the presence of government regulations are the five fundamental drivers of international commerce.

To learn more about trade refer to:

https://brainly.com/question/17727564

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