If There Is Trade, Which of the Following Is Most

question 43

Multiple Choice

If there is trade, which of the following is most likely?

• A) A country is worse off because it becomes dependent on other countries.
• B) A country will produce a greater variety of goods and services to trade.
• C) A country's consumption possibilities frontier can be outside its production possibilities frontier.
• D) A country will experience a lower unemployment rate.

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Definitions:

Enforceable Agreement

A legally binding contract that can be upheld and compelled by law in a court of justice.

Earnest

Serious in intention, purpose, or effort; sincerely zealous.

Sale of Goods Act

Legislation that regulates the sale of goods, ensuring rights, obligations, and remedies in commercial transactions, making sure products sold are as advertised and fit for purpose.