A Voluntary Exchange of Products Means That

question 11

Multiple Choice

A voluntary exchange of products means that

• A)if one nation gains from a swap, the other nation must necessarily lose.
• B)each country must do its best to act to the disadvantage of its trading partners.
• C)both parties must gain (or expect to gain) from the transaction.
• D)both parties must lose owing to the transaction costs involved.

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