Question

multiple choice question
economists use the phrase ______ to refer to the positive gains enjoyed by both buyers and sellers when they trade.
○ \there is no free lunch\
○ \every man for himself\
○ \trade creates wealth\
○ \wealth creates trade\

Explanation:

The question asks for the phrase describing mutual gains from trade. "There is no free lunch" relates to opportunity cost, "every man for himself" reflects self-interest without mutual gain, "wealth creates trade" reverses the causal direction. Only "trade creates wealth" refers to the positive, mutual gains for both buyers and sellers in a trade.

Answer:

"trade creates wealth"