Multiple Choice
Which of the following is NOT true of trade?
A) Trade makes people better off when preferences differ.
B) Trade increases productivity through specialization and the division of knowledge.
C) Trade makes rich people richer and poor people poorer.
D) Trade increases productivity through comparative advantage.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: On a production possibilities frontier a trade-off
Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 2-3
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 2-7
Q72: The production possibilities frontier has a negative
Q73: Why is specialization so advantageous to trade?
Q76: A fundamental idea behind the production possibilities
Q78: Why does specialization become more profitable on
Q79: Which of the following has NOT played
Q96: Large cities should have more professional closet
Q210: A country has a comparative advantage in