Solved

Which of the Following Is True

Question 97

Multiple Choice

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) Voluntary trade directly increases wealth by making both parties better off, and it is the prospect of wealth-increasing exchange that leads to productive specialization.
E) All of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents