The statement "International trade theories only focus on the benefits of trade, ignoring any drawbacks" is generally considered to be **False**. While classical theories like absolute advantage and comparative advantage emphasize the gains from trade, modern trade theories and frameworks often account for various drawbacks and challenges associated with international trade.

1. **Negative Impacts on Local Economies**: Many theories acknowledge that trade can lead to job losses in specific sectors or regions.
2. **Environmental Concerns**: Increased trade can lead to environmental degradation and resource depletion, a topic covered in discussions about sustainability.
3. **Trade Imbalances**: The issue of trade deficits and surpluses is also critically analyzed, illustrating how these imbalances can affect national economies.
4. **Dependency Theory**: This theory highlights how some countries may become overly reliant on trade, making them vulnerable to fluctuations in the global market.

Thus, international trade theories do indeed address both benefits and drawbacks of trade, making the more accurate answer for the question **b. False**.

Question

The statement "International trade theories only focus on the benefits of trade, ignoring any drawbacks" is generally considered to be **False**. While classical theories like absolute advantage and comparative advantage emphasize the gains from trade, modern trade theories and frameworks often account for various drawbacks and challenges associated with international trade.

1. **Negative Impacts on Local Economies**: Many theories acknowledge that trade can lead to job losses in specific sectors or regions.
2. **Environmental Concerns**: Increased trade can lead to environmental degradation and resource depletion, a topic covered in discussions about sustainability.
3. **Trade Imbalances**: The issue of trade deficits and surpluses is also critically analyzed, illustrating how these imbalances can affect national economies.
4. **Dependency Theory**: This theory highlights how some countries may become overly reliant on trade, making them vulnerable to fluctuations in the global market.

Thus, international trade theories do indeed address both benefits and drawbacks of trade, making the more accurate answer for the question **b. False**.

Knowee AI · Accepted Answer

The statement "International trade theories only focus on the benefits of trade, ignoring any drawbacks" is generally considered to be **False**. While classical theories like absolute advantage and comparative advantage emphasize the gains from trade, modern trade theories and frameworks often account for various drawbacks and challenges associated with international trade.

1. **Negative Impacts on Local Economies**: Many theories acknowledge that trade can lead to job losses in specific sectors or regions.
2. **Environmental Concerns**: Increased trade can lead to environmental degradation and resource depletion, a topic covered in discussions about sustainability.
3. **Trade Imbalances**: The issue of trade deficits and surpluses is also critically analyzed, illustrating how these imbalances can affect national economies.
4. **Dependency Theory**: This theory highlights how some countries may become overly reliant on trade, making them vulnerable to fluctuations in the global market.

Thus, international trade theories do indeed address both benefits and drawbacks of trade, making the more accurate answer for the question **b. False**.

International trade theories only focus on the benefits of trade, ignoring any drawbacks.Question 32Answera.Trueb.False

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International trade theories only focus on the benefits of trade, ignoring any drawbacks.

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