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.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section3.2: Comparative Advantage: The Driving Force Of Specialization
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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.
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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