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.

Question

Quizplus · Accepted Answer

Trade allows individuals and countries to specialize in the production of goods and services for which they have a comparative advantage, leading to more efficient production and increased overall economic welfare.

Trade Can Make Everybody Better Off Because It