Multiple Choice
Which of the following statements is not true?
A) Trade is beneficial because it allows everyone to have a higher standard of living.
B) Trade is beneficial because it allows consumption beyond the production possibility frontier.
C) Trade is beneficial because it allows more efficient production.
D) Trade is beneficial because it allows consumers to buy goods at cheaper prices.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Which of the following examples refers to
Q3: What are some of the non- economic
Q4: Which of the following is not a
Q5: The case for free trade is based
Q6: Explain how specialisation and trade benefit all
Q8: The following chart shows world growth in
Q9: The WTO has no power to impose
Q10: The efficiency loss from protection is the
Q11: The following diagram shows a country which
Q12: Discuss some of the possible drawbacks of