In order for societies to reap the gains from trade, it is necessary to
A)foster economic growth.
B)define and enforce property rights.
C)distribute resources equally.
D)achieve productive efficiency.

Question

Quizplus · Accepted Answer

Defining and enforcing property rights is essential for trade as it ensures that individuals and businesses can own and transfer goods and services securely, which is fundamental for trade to occur.

In Order for Societies to Reap the Gains from Trade