Multiple Choice
Trade between two parties is beneficial because:
A) it ensures that the standard of living in the poorer country matches its trading partner eventually.
B) it enables each to consume a bundle of goods that it cannot produced domestically.
C) it has an immediate effect on an economy by increasing its production set.
D) it allows the economy of both trading partners to grow equally.
Correct Answer:

Verified
Correct Answer:
Verified
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