Voluntary trade solves the problem of scarcity.

Name: Voluntary trade solves the problem of scarcity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Voluntary trade does not solve the problem of scarcity; it allows for a more efficient allocation of scarce resources by enabling individuals to specialize and trade based on comparative advantage, but the fundamental issue of limited resources relative to unlimited wants remains.

Voluntary Trade Solves the Problem of Scarcity