Which of the following about trade is true?
A) Trade does not produce anything new; therefore, it cannot create value.
B) The value of a good is determined by the cost of the material resources required for its production.
C) The value of a good generally depends on who uses it and circumstances such as when and where it is used.
D) All of the above are true.

Question

Quizplus · Accepted Answer

The value of a good is subjective and can vary depending on who is using it and the context in which it is used, such as time and location.

Which of the Following About Trade Is True