A benefit of trade is that it permits two parties to specialise in those tasks in which they have the highest productivity.

Name: A benefit of trade is that it permits two parties to specialise in those tasks in which they have the highest productivity.
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Question

Quizplus · Accepted Answer

Trade allows for each party to focus on what they are best at producing, leading to increased productivity and efficiency. This is known as the principle of comparative advantage.

A Benefit of Trade Is That It Permits Two Parties