Gains From International Trade
Assume the United States can produce either 20 strawberries or 80 apples, while Canada can produce either 15 strawberries or 5 apples. Which of the following describes the outcome if these two countries engage in trade?
A
Canada will benefit, but the United States will not.
B
The United States will benefit, but Canada will not.
C
Both countries will benefit from trade.
D
Neither country will benefit from trade.
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