Multiple Choice
A common fallacy that is used to oppose trade is the idea that
A) the only gains from trade go to the rich, so the poor must lose.
B) "you get what you pay for."
C) "if it's not broken, don't fix it."
D) one country's gain must be another's loss.
E) what is true for one is true for all.
Correct Answer:

Verified
Correct Answer:
Verified
Q125: Suppose a country's workers can produce 4
Q126: If a country has an absolute advantage
Q127: Labor is defined as cheap only if
Q128: Nothing raises the standard of living more
Q129: A country has an absolute advantage over
Q131: A country's comparative advantage can be illustrated
Q132: Which of the following is an extreme
Q133: Figure 34-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 34-9
Q134: A tariff on imports affects foreign suppliers
Q135: For many years the U.S.government imposed quotas