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A student of Ricardo sums up what trade really is, in three words. Trade is mutually:
ABarter exchange
BUseful exchange
CCostly exchange
DRisky exchange
Answer & Solution
Correct answer: B. Useful exchange
1. Both sides come out ahead.
2. That is the point of the exchange.
3. It is a mutually useful exchange.
_Source: OpenStax Principles of Economics 3e, Chapter 33, International Trade._
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