Question

Why is trade considered mutually beneficial?

Question options:

A) those who participate in exchanges must always give up resources


B) countries who benefit from trade only trade with those who also benefit


C) the person initiating the trade benefits from the exchange


D) both parties gain as a result of voluntary. non-fraudulent exchange

Answer 1

The trade considered mutually beneficial because both parties gain as a result of voluntary. non-fraudulent exchange.

Answer: D

Explanation

Through this method, both parties benefit as they share their resources. Not only resources but also their relationship and reputation increases.

Without mutual benefits, trade won't happen between. No one is self-sufficient with their resources, so the importance of trade is huge when it comes to trade between two parties.

Trade involves exchange for one good to another, good sin return for money, goods in return for service, money for service, etc.

Answer 2

Trade is considered beneficial between two parties as d. both parties can then gain a voluntary as well as a non fraudulent exchange. It thus would create a value and would raise living standards. Hope this answer would then be of big help.