Which of the following is generally true of exchange?

Group of answer choices

Exchange permits trading partners to expand their total output of goods and services as the result of greater specialization in areas where each has a comparative advantage.

The total output trading partners are able to produce is not influenced by whether the partners trade with each other.

Exchange is a zero sum activity, if one party to an exchange gains, the other must lose an equal amount.

The exchange value of a good is determined by the cost of the resources required to produce the good.