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barxatty [35]
3 years ago
11

What are gains from trade

Advanced Placement (AP)
1 answer:
liq [111]3 years ago
4 0

Answer:

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.

Explanation:

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