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 as much 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) All of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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