Fill in the blank.
voluntary trade occurs when different countries choose to engage in the (blank) with one another
Exchange of goods
Can voluntary trade increase wealth?
Yes
all the resources necessary
Voluntary trade is good because it lets a country (blank) and buy the resources it needs.
Sell it's own resources.
Because countries cannot produce all of the goods/service that it needs, they must specialize (blank)
In what they do best.
Voluntary trade is....
both partners agree to trade freely