Which argument about keeping the money at home is a counterargument free traders give?

A. Money that goes abroad will come back again when other nations buy our exports.

B. Limiting imports keeps money from going abroad so that it can be spent domestically.

C. Limiting imports keeps jobs at home.

D. Money that goes abroad is money lost at home.

Question

Business

Teagan Sanchez

29 October, 20:46

Which argument about keeping the money at home is a counterargument free traders give?

A. Money that goes abroad will come back again when other nations buy our exports.

B. Limiting imports keeps money from going abroad so that it can be spent domestically.

C. Limiting imports keeps jobs at home.

D. Money that goes abroad is money lost at home.

+2

Answers (2)

Know the Answer?

Madilynn Wang · Answer 1

A. Money that goes abroad will come back again when other nations buy our exports.

Zaiden Terry · Answer 2

The correct answer would be option A, The money that goes abroad will come back again when other nations buy our exports.

Explanation:

Keeping money at home means, keeping money within the country. So the traders who do not wish to trade their products outside the country usually give counterargument on this like money goes abroad as a result of imports, will come back to the country again, as a result of the exports, because other countries buy our products and send us money, which means our money will come back eventually. But they normally forget that to achieve this balance, there should be an accurate balance between the imports and exports of the country.