Which of the Following Attributes of Trade Explain Why It

question 202

Multiple Choice

Which of the following attributes of trade explain why it is important for economic prosperity?

• A) Trade moves goods from people who value them less to people who value them more.
• B) Trade makes it possible to produce a larger output as a result of lower per unit costs that often accompany large-scale production.
• C) Trade makes it possible to produce a larger output as a result of gains from division of labor and specialization.
• D) All of the above.

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Definitions:

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A state comprising elements like self-acceptance, positive relationships with others, autonomy, environmental mastery, purpose in life, and personal growth.

Five-Factor Model

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