Question

___________ trade occurs only when nations expect to gain something.

a. Absolute
b. Voluntary
c. Specialized
d. Comparative

Answer 1

b. Voluntary

Trade Deficit or Net Exports is an economic condition wherein the country is importing more goods than it is exporting. The deficit is equal to the value of goods being imported minus the value of goods being exported, and it is given in the currency of the country in question. Trade deficit is an economic measure of a negative balance of trade.

Answer 2

Voluntary Trade occurs only when nations expect to gain something.
Voluntary trade is the process where both countries are willingly engaged in an exchange or trading. This exchanges makes sure that both buyer and seller gains.