Which of the Following Is a Gain from Trade

question 42

Multiple Choice

Which of the following is a gain from trade?

• A)A higher standard of living for all trading countries.
• B)A shorter workweek for all trading countries.
• C)A level of self-sufficiency for all trading countries.
• D)A higher price level for all trading countries.

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Definitions:

Population

The entire group of individuals or objects that is the subject of a statistical analysis.

Variables

Elements, features, or factors that are likely to change or vary in an experiment or dataset.

Scientific Method

A systematic, organized series of steps that helps ensure objectivity and consistency in exploring a social or scientific problem.

Research Process

The systematic steps followed to collect and analyze information to increase our understanding of a topic or issue.