Trade will occur when a. both parties will benefit b. one party will benefit more than the other c. no coercion is involved d. an absolute advantage exists e. no comparative advantage exists е.
Trade will occur when a. both parties will benefit b. one party will benefit more than the other c. no coercion is involved d. an absolute advantage exists e. no comparative advantage exists е.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Need some help! Really don't understand economics.
![Trade will occur when
a. both parties will benefit
b. one party will benefit more than the other
c. no coercion is involved
d. an absolute advantage exists
no comparative advantage exists
е.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce984dd6-83e0-409c-9131-f491e85bc96d%2F5e331168-b52b-45f1-8273-c42b78117ccd%2Flet238a8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Trade will occur when
a. both parties will benefit
b. one party will benefit more than the other
c. no coercion is involved
d. an absolute advantage exists
no comparative advantage exists
е.
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