Which of the Following Statements About Trade Is True

question 47

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 specialize 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 specialize in activities in which they have an absolute advantage.

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Definitions:

Nervous System

A complex system of nerves and cells that transmits signals between different parts of the body, crucial for bodily functions and response to the environment.

Communication Network

A system or structure that enables the exchange of information between individuals or entities using various channels and technologies.

Autonomic Nervous System

A part of the nervous system that unconsciously regulates bodily functions such as heart rate, digestion, and respiratory rate.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.