Which of the Following Statements About Specialization and Trade Are

question 31

Multiple Choice

Which of the following statements about specialization and trade are correct?

• A)They developed only in the twentieth century.
• B)They exist only in capitalist economies.
• C)They arose as humans changed from nomadic and self-sufficient food gatherers to settled food producers.
• D)They developed only where government and political institutions were stable.
• E)They occur only in the private sector.

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Definitions:

Commission Charges

Fees charged by brokers or agents for their services in facilitating transactions, often calculated as a percentage of the transaction value.

Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Rate of Yield

The return on an investment over a period of time, expressed as a percentage of the original investment.

Commission Charges

Fees paid to an agent or company for facilitating a transaction, typically a percentage of the sale amount.