Asked by Antonia Divinity on Jul 22, 2024
Verified
Trade with any nation can be mutually beneficial.
Trade
The act of buying, selling, or exchanging commodities within domestic or international markets.
Mutually Beneficial
A scenario where all parties involved gain advantages or benefits from an arrangement or transaction.
- Understand the significance of commerce and expertise in enhancing economic results.
Verified Answer
KJ
Khadijah JenkinsJul 27, 2024
Final Answer :
True
Explanation :
Trade allows countries to specialize in the production of goods and services they are most efficient at producing and then exchange them, leading to increased economic welfare and resource utilization for all parties involved.
Learning Objectives
- Understand the significance of commerce and expertise in enhancing economic results.