Which is the most accurate statement about trade?
A)Trade can make every nation better off.
B)Trade makes some nations better off and others worse off.
C)Trading for a good can make a nation better off only if the nation cannot produce that good itself.
D)Trade helps rich nations and hurts poor nations.

Question

Quizplus · Accepted Answer

Trade allows countries to specialize in what they do best and to enjoy a greater variety of goods and services, potentially making every nation better off through comparative advantage and increased efficiency.

Which Is the Most Accurate Statement About Trade