What is wrong with the following statement trade is


What is wrong with the following statement: "Trade is self-eliminating. Opening up trade opportunities drives prices and costs into equality between countries. But once prices and costs are equalized, there is no longer any reason to trade the product from one country to another, and trade stops."

 

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: What is wrong with the following statement trade is
Reference No:- TGS01247987

Expected delivery within 24 Hours