Any two individuals will gain from exchange
A)unless one has an absolute advantage in producing all goods.
B)if each specializes in the production of the good for which he has the higher opportunity cost.
C)unless they have the same opportunity costs for producing all goods.
D)unless they have different opportunity costs for producing all goods.
E)unless they have the same absolute advantage in producing all goods.

Question

Quizplus · Accepted Answer

Individuals gain from exchange if they have different opportunity costs for producing goods, allowing them to specialize in what they produce most efficiently.

Any Two Individuals Will Gain from Exchange