How does voluntary trade help the economy?(1 point) Responses It puts strict trade barriers in place. It puts strict trade barriers in place. It involves too many government regulations. It involves too many government regulations. It sets extremely high prices on imports. It sets extremely high prices on imports. It encourages specialization which means more profit.
Voluntary trade helps the economy by encouraging specialization, which leads to higher profits. Specialization allows individuals, businesses, and countries to focus on producing goods and services in which they have a comparative advantage. This leads to increased efficiency and productivity, as resources are allocated where they are most productive. In turn, higher productivity leads to economic growth, job creation, and improved living standards.
