The Main Advantage of Trade Between Two Countries Is That

question 39

Multiple Choice

The main advantage of trade between two countries is that

• A) trade makes both countries more self-sufficient.
• B) employment in both countries will increase.
• C) both countries have consumption choices beyond their current resource and production constraints.
• D) trade will lead to a more equitable distribution of income in both countries.

---

Definitions:

Legal Realism

A school of thought that suggests laws are created and enforced by the judiciary based on social interests and public policy rather than merely by applying existing legal rules.

Social Conditions

The prevailing cultural, economic, and environmental factors influencing the quality of life and wellbeing of a society or community.

Economic Conditions

The state of an economy at a given time, including factors like inflation, employment rates, and GDP growth.

Federal Reporter

A collection of case law from federal courts, including the U.S. Courts of Appeals, used as references for legal research and citation.