why-does-international-trade-increase-total-surplus-despite-claims-of-unfair-com

Question

Why does international trade increase total surplus despite claims of unfair competition?

Accepted Answer

Because it allows consumers to access goods at lower prices, increasing consumer surplus.

Answer

Because it increases tariffs, benefiting government revenue.

Answer

Because it limits consumer choice, reducing consumer surplus.

Answer

Because it reduces the variety of goods available, increasing producer surplus.