Which of the Following Is TRUE Regarding Trade? I

question 61

Multiple Choice

Which of the following is TRUE regarding trade? I. Trade creates value by moving goods from people that value them less to people that value them more. II. Trade makes everyone better off. III. The only potential losses from trade come when the seller values the good more than the buyer.

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III

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