Question

question 1 (1 point)
when canada engages in international trade with the united kingdom, who reaps the economic benefits?
it is an equal trade - off, so neither country benefits or loses.
the united kingdom reaps economic benefits and canada loses.
the united kingdom loses and canada reaps economic benefits.
both the united kingdom and canada reap economic benefits.

Explanation:

International trade is based on the principle of comparative advantage. When countries trade, they specialize in producing goods and services they have a lower opportunity cost in. This leads to increased efficiency, access to a wider variety of goods, and overall economic growth for both trading partners. So, both countries benefit from trade.

Answer:

Both the United Kingdom and Canada reap economic benefits.