Which of the Following Is One Reason Why Trade Makes

question 59

Multiple Choice

Which of the following is one reason why trade makes all parties better off?

• A)​Because it always expands the amount of domestic production of each good and service, and more is preferred to less.
• B)​Because it permits all parties to acquire some items better suited to their tastes.
• C)​Because it makes people appreciate what they have, and they are happier.
• D)​Because it encourages consumption rather than saving.

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Definitions:

Replevin

A legal remedy involving the recovery of specific goods or chattels wrongfully taken or detained, allowing the rightful owner to regain possession.

Unlawfully Withheld

Illegally retained or kept possession of something that should have been returned or released.

Wrongfully Rejected

The improper refusal of a contracting party to accept performance or delivery of contracted goods or services.

Resells

The act of selling something that one has previously bought to a third party.