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  • 22-04-2019
  • Advanced Placement (AP)
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What are gains from trade

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josiedavis10
josiedavis10 josiedavis10
  • 22-04-2019

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.

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