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Vedmedyk [2.9K]
3 years ago
6

The gains from trade are Group of answer choices a. evident in economic models, but seldom observed in the real world. b. eviden

t in the real world, but impossible to capture in economic models. c. a result of more efficient resource allocation than would be observed in the absence of trade. d. based on the principle of absolute advantage.
Business
1 answer:
liubo4ka [24]3 years ago
7 0

Answer:

The correct answer is letter "C": a result of more efficient resource allocation than would be observed in the absence of trade.

Explanation:

Trade has allowed societies to exchange their products according to their needs. Thanks to trade those goods are distributed accordingly more <em>efficiently </em>since, in isolation, countries would be specialists of certain types of products only which is unlikely to be enough to cover all the individuals' needs in those societies.

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