In Order for Societies to Reap the Gains from Trade

question 109

Multiple Choice

In order for societies to reap the gains from trade, it is necessary to

• A) achieve productive efficiency.
• B) foster economic growth.
• C) define and enforce property rights.
• D) distribute resources equally.

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Definitions:

Archival research

The study of existing records or documents to gather information about a particular subject or area of interest.

Survey archives

Repositories or collections of survey data and findings, often used for research or reference.

Rare events

Occurrences that happen infrequently or have a low probability of happening within a given period.

Researchers

Individuals who systematically investigate and study materials, sources, or subjects in order to establish facts and reach new conclusions.