Question

Are the gains from international trade more likely to be relatively more important to large or small countries?

Short answer

Small countries

Step-by-step solution

Step 1. Introduction 

International trade refers to the exchange of goods, services, and resources across international boundaries.

Step 2. Explanation 

In international trade, smaller countries receive greater benefits than larger countries. Smaller countries need international trade more than the larger countries as they have limited scope in internal trade. without international trade, they have limited possibilities to gain from comparative advantage.

Larger countries are already enjoying the benefits of internal trade so they have less need for international trade.