Ask Question
Advanced Placement (AP)Advanced Placement (AP)
14 August, 11:51

What are gains from trade

+3
Answers (1)
  1. 14 August, 11:58
    0
    In economics, gains from trade are the net benefits to economic agents from being allowed an increase in voluntary trading with each other. In technical terms, they are the increase of consumer surplus plus producer surplus from lower tariffs or otherwise liberalizing trade.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are gains from trade ...” in 📙 Advanced Placement (AP) if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The transition from desirable ethics to internal values to actual behaior is
Answers (1)
Cuanto dura la rotacion de la tierra
Answers (1)
Briefly explain four cultural views that affect relationships?
Answers (1)
2. A plane is flying at an altitude of 7,467 feet. It descends 1,578 feet. What is its new altitude?
Answers (1)
Self confidence is the most important quality of
Answers (1)
New Questions in Advanced Placement (AP)
About how often does a Full Moon happen?
Answers (2)
Development begins at birth, true or false
Answers (2)
the group that does not recieve the expermental treatment in an experiment is the A.) control group B.) experimental group C.) data D.) varible
Answers (1)
Which city is located closest to the equator?
Answers (2)
Why were the farmers not satisfied with only establishing cooperatives?
Answers (2)
Home » Advanced Placement (AP) » What are gains from trade
Sign Up Forgot Password?