How does trade benefit the two parties involved?
A) Trade benefits both parties, but not always equally.
B) Trade benefits the seller more than the buyer.
C) Trade benefits the buyer more than the seller.
D) Trade benefits both parties equally.

Question

Quizplus · Accepted Answer

Trade benefits both parties involved to some extent, but the benefits may not always be equal. Both parties have something to gain from the transaction, or they would not engage in trade in the first place. However, the gains may be greater for one party than the other, depending on the circumstances. For example, if a buyer urgently needs a product and the seller has a monopoly on it, the seller may be able to charge a higher price and benefit more from the trade. On the other hand, if there is competition among sellers, the buyer may be able to negotiate a better price and benefit more from the trade. Therefore, while trade generally benefits both parties, the extent of the benefit may vary.

How Does Trade Benefit the Two Parties Involved