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11 Dec 2019
One of the great benefits of trade is:
(i) That it makes it possible for society to become better off if individuals, firms, and countries specialize in producing goods and services for which they have an absolute advantage.
(ii) That it provides society what it desires most in life even if it does not enhance the means for achieving its goals.
(iii) That it makes it possible for society to become better off by increasing its consumption.
(iv) That it makes it possible for society to become better off by increasing its production but not its consumption.
One of the great benefits of trade is:
(i) That it makes it possible for society to become better off if individuals, firms, and countries specialize in producing goods and services for which they have an absolute advantage.
(ii) That it provides society what it desires most in life even if it does not enhance the means for achieving its goals.
(iii) That it makes it possible for society to become better off by increasing its consumption.
(iv) That it makes it possible for society to become better off by increasing its production but not its consumption.
Sixta KovacekLv2
31 Jan 2020
