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Which of the Following Statements About Trade Is True

Question 27

Multiple Choice

Which of the following statements about trade is true?


A) Unrestricted international trade benefits every person in a country equally.
B) Trade can benefit everyone in society because it allows people to specialise in activities in which they have a comparative advantage.
C) People that are skilled at all activities cannot benefit from trade because they do not have an opportunity cost in production.
D) Trade can benefit everyone in society because it allows people to specialise in activities in which they have an absolute advantage.

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