As nations trade, their total level of utility (satisfaction from consuming
Goods):
A)equalizes.
B)levels out.
C)decreases.
D)increases.

Question

Quizplus · Accepted Answer

By trading, nations have access to a wider variety of goods at a lower cost. This increases the total level of utility, as consumers can now consume more goods with the same amount of income, leading to an increase in satisfaction.

As Nations Trade, Their Total Level of Utility (Satisfaction from Consuming