Trade Between Two Parties Is Beneficial Because

question 79

Multiple Choice

Trade between two parties is beneficial because:

• A)it ensures that the standard of living in the poorer country matches its trading partner eventually.
• B)it enables each to consume a bundle of goods that it cannot produced domestically.
• C)it has an immediate effect on an economy by increasing its production set.
• D)it allows the economy of both trading partners to grow equally.

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Definitions:

Fibula

A long, thin bone of the lower leg, situated lateral to the tibia, that stabilizes the ankle and supports lower leg muscles.

Carpals

The eight bones that make up the wrist, connecting the hand to the forearm.

Metacarpals

The metacarpals are the five long bones in the hand that connect the wrist (carpal bones) to the fingers.

Phalanges

The bones in the fingers and toes of the human body.