Trade allows a person to obtain goods at prices that are less than that person's opportunity cost because each person concentrates on the activity for which he or she has the lower opportunity cost.

Name: Trade allows a person to obtain goods at prices that are less than that person's opportunity cost because each person concentrates on the activity for which he or she has the lower opportunity cost.
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Question

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This is the basic principle of comparative advantage, which is the basis for trade theory.

Trade Allows a Person to Obtain Goods at Prices That