The principle that trade can make everyone better off applies to
A)individuals.
B)families.
C)countries.
D)All of the above

Question

Quizplus · Accepted Answer

The principle that trade can make everyone better off applies not only to individuals and families but also to countries. By engaging in international trade, countries can access a wider variety of goods and services at lower prices, and specialize in the production of goods and services in which they have a comparative advantage. This leads to higher efficiency, lower costs, and higher economic growth, benefiting all citizens in the long run.

The Principle That Trade Can Make Everyone Better Off Applies