Why do people engage in trade? If one trading partner gains, must the others involved in the

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Why do people engage in trade? If one trading partner gains, must the others involved in the transaction lose an equal amount? Why or why not?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 05, 2023 01:24 PM

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Why do people engage in trade? If one trading partner gains, must the others involved in the

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People engage in trade for various reasons and trade is typically a positivesum activity meaning it doesnt require one trading partner to lose an equal amount for another to gain The reasons people en...View the full answer

Macroeconomics Private And Public Choice

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