Which of the Following Best Characterizes the Relationship Between the Parties

question 141

Multiple Choice

Which of the following best characterizes the relationship between the parties to a trade and the gains from trade?

• A) Gains from trade are fueled by differences in preferences and differences in opportunity costs of production.
• B) Gains from trade are fueled by differences in preferences only.
• C) Gains from trade are fueled by differences in opportunity costs of production only.
• D) Gains from trade are greatest when there are no differences between the two parties to trade.

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