If We Add Together All the Gains from Specialization and Trade

question 143

Multiple Choice

If we add together all the gains from specialization and trade and then subtract all the losses,the net result would be

• A)Zero: the gains and losses would cancel out.
• B)Positive: a net gain for the world and each country.
• C)Negative: a net loss for the world and each country.
• D)Impossible to tell: the net result could be zero,positive,or negative.

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Definitions:

Cumulative CO₂ Emissions

The total amount of carbon dioxide released into the atmosphere over a specified period of time by human activities.

United States

A federal republic located primarily in North America, comprising 50 states, a federal district, and various territories, known for its significant impact on global culture, economy, and politics.

Fraction

A mathematical expression representing the division of one quantity by another, indicating parts of a whole or a ratio.

Ozone Layer

A layer in the earth's stratosphere containing a high concentration of ozone, which absorbs most of the sun's ultraviolet radiation.