Trade creates value by
A) moving goods from people who value the goods less to people who value the goods more.
B) permitting trading partners to expand output through specialization in areas where they each have a comparative advantage.
C) permitting trading partners to expand output through the adoption of mass production methods.
D) all of the above.

Question

Quizplus · Accepted Answer

Trade creates value by reallocating goods to those who value them more, allowing specialization based on comparative advantage, and enabling mass production efficiencies.

Trade Creates Value by