What is the difference between trade among individuals and trade among nations?
A) The logic of trade and specialization is stronger for individuals than it is for nations.
B) The logic of trade and specialization is stronger for nations than it is for individuals.
C) The logic of trade and specialization applies equally well among individuals and nations.
D) Without looking at specific cases, we can't say much about the logic of trade and specialization for individuals and nations.

Question

Quizplus · Accepted Answer

The principles of trade and specialization apply equally to both individuals and nations, as both benefit from focusing on their comparative advantages and trading for other goods and services.

What Is the Difference Between Trade Among Individuals and Trade