Trade takes place because of
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Correct Answer: Option D
Explanation:
A person has a comparative advantage at producing something if he can produce it at lower cost than anyone else. People engage in trade so as to exchange these goods that are produced or services rendered at a cheaper cost between one anotherÂ
A person has a comparative advantage at producing something if he can produce it at lower cost than anyone else. People engage in trade so as to exchange these goods that are produced or services rendered at a cheaper cost between one anotherÂ