Trade:
A)increases total production,which can benefit everyone involved.
B)increases total production,which benefits only the more wealthy nation.
C)decreases total production across nations,but increases it for some.
D)decreases total production across nations,but benefits everyone because they are individually more productive.

Question

Quizplus · Accepted Answer

Trade allows countries to specialize in producing the goods and services that they are most efficient at producing, leading to an increase in total production. This can benefit everyone involved as it allows for greater economic growth and a wider variety of goods and services available.