How can trade benefit a family?
A) by allowing the family to buy a greater variety of goods and services at a lower cost
B) by allowing each person to buy only the goods and services they want most
C) only if the family is not in economic competition with other families
D) trade can only benefit entire nations, not individuals

Question

Quizplus · Accepted Answer

Trade can benefit a family by allowing them to access a greater variety of goods and services at a lower cost than if they tried to produce everything themselves. This can lead to a higher standard of living as they are able to consume more goods and services with the same amount of resources.

How Can Trade Benefit a Family