If trade between two countries is voluntary, one can expect that
A)one country's gain is necessarily the other's loss.
B)one country will exploit the other one.
C)neither country really gains from trade.
D)the larger country will always gain at the expense of the smaller.
E)both countries expect to gain something.

Question

Quizplus · Accepted Answer

The principle of voluntary trade is that both parties enter into the transaction voluntarily and with the expectation of benefitting. Both countries expect to gain something from the trade, whether it be access to more resources or a larger market for their goods. It is a win-win situation for both parties involved.

If Trade Between Two Countries Is Voluntary, One Can Expect