The real power of trade lies in people's ability to:

Question

Quizplus · Accepted Answer

The real power of trade is seen in people's ability to specialize and increase production. By specializing in certain goods and services, individuals and countries can increase their efficiency and productivity, leading to increased output and consumption. This leads to overall economic growth and prosperity, making specialization and increased production the most important benefit of trade. While getting things they can't produce and getting the lowest price possible are certainly benefits of trade, they are not the primary drivers of economic growth and efficiency.

The Real Power of Trade Lies in People's Ability To