Which of the following is true?
A) Voluntary trades give both parties more in value than what they give up.
B) Without the ability to trade, people would not tend to specialize in those areas where they had a comparative advantage.
C) People can gain by specializing in the production of the good in which they have a comparative advantage.
D) All of the above are true.
Correct Answer:
Verified
Q162: If a country wanted to maximize the
Q167: If resources and goods are free to
Q172: Ted has decided to buy a burger
Q173: Which of the following is not true?
A)Voluntary
Q174: Which of the following demonstrates marginal thinking?
A)
Q174: Two parties can capture gains from specialization
Q184: Tom is a castaway who washes up
Q194: Which of the following contribute to increases
Q197: Tom is a castaway who washes up
Q204: How can market failure occur in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents