menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 3: Interdependence and the Gains From Trade
  5. Question
    Trade Can Make Everybody Better Off Because It
Solved

Trade Can Make Everybody Better Off Because It

Question 37

Question 37

Multiple Choice

Trade can make everybody better off because it


A) increases cooperation among nations.
B) allows people to specialize according to comparative advantage.
C) requires some workers in an economy to be retrained.
D) reduces competition among domestic companies.

Correct Answer:

verifed

Verified

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

Related Questions

Q32: Figure 3-1<br>Graph (a)<br>Graph (b)<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7555/.jpg" alt="Figure

Q33: Table 3-11<br>Assume that Bahamas and Denmark can

Q34: Figure 3-7<br>Mary's Production Possibilities Frontier Kate's Production

Q35: A professor spends 8 hours per day

Q36: The producer that requires a smaller quantity

Q38: If a country has the comparative advantage

Q39: Mark can produce 24 footballs or 48

Q40: Under what conditions is an economy's production

Q41: Trade allows a country to consume outside

Q42: It takes Heather 1 hour to change

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines