As nations trade, their total level of utility (satisfaction from consuming goods):
A) equalizes.
B) levels out.
C) decreases.
D) increases.

Question

Quizplus · Accepted Answer

As nations trade, their total level of utility increases because they are able to acquire goods that they otherwise may not have access to or may have to produce at a higher cost domestically. This leads to an increase in overall satisfaction from consuming goods.

As Nations Trade, Their Total Level of Utility (Satisfaction from Consuming