What Is NOT a Benefit from Trade

question 199

Multiple Choice

What is NOT a benefit from trade?

• A) the ability to specialize
• B) a greater variety of goods and services becoming available
• C) less competition
• D) lower prices

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Definitions:

Manager-Managed

A structure typically used in limited liability companies (LLCs) where the management is officially assigned to one or more managers rather than being directed by all members.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Test-Market

A process used by companies to evaluate the viability of a new product or service in a limited geographic area before a wide-scale launch.

Duration

The length of time something lasts or continues.