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senator bright, who understands economic principles, is trying to convince workers in her district that trade with other countries is beneficial. senator bright should argue that trade can be beneficial group of answer choices

Sagot :

Parrain

One thing that Senator Bright can argue to show that trade can be beneficial if b) because it allows specialization, which increases total output.

Why is trade beneficial?

Trade is beneficial because it allows people to be able to get goods that would cost them a higher opportunity cost to get. This means that instead of focusing on goods that are costly to make, they can focus on those goods that are easier to make.

This is called specialization and it is a good thing because it can increase total output. This is because focusing on one product means becoming efficient in its production which would lead to more output being produced.

Options for this question include:

  • a) only if it allows us to obtain things that we couldn't make for ourselves.
  • b) because it allows specialization, which increases total output.
  • c) to us if we can gain and the others involved in the trade lose.
  • d) in only a limited number of circumstances because others are typically self-interested.

Find out more on the benefits of trade at https://brainly.com/question/17727564

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