Choose the Statement That Is Incorrect

question 108

Multiple Choice

Choose the statement that is incorrect.

• A)By trading with poor countries, we increase the demand for the goods that these countries produce and increase the demand for their labour.
• B)Wage differences drive international trade.
• C)High- wage workers have high productivity.
• D)International trade can improve the opportunities of people in developing countries and increase their incomes.
• E)Free trade creates some jobs and destroys other jobs.

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Definitions:

Cost-Benefit Analysis

An evaluation process that compares the costs and benefits of a decision or project to determine its feasibility or worth.

National Defense

Activities and measures taken by a government to protect its country from external threats and ensure national security.

Rival In Consumption

A feature of a quality good where if one person consumes it, others cannot consume it at the same time.

Cost-Benefit Analysis

A process used to evaluate the total anticipated costs of a project compared to its benefits, aiming to determine the best course of action.