Which of the Following About Trade Is True

question 117

Multiple Choice

Which of the following about trade is true?

• A) Trade does not produce anything new; therefore, it cannot create value.
• B) The value of a good is determined by the cost of the material resources required for its production.
• C) The value of a good generally depends on who uses it and circumstances such as when and where it is used.
• D) All of the above are true.

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Definitions:

Accumulated Degree Hours

A measure used in forensic entomology to estimate the post-mortem interval by calculating the cumulative amount of thermal energy.

Larva

The immature, wingless, and often wormlike feeding stage of an insect, before it undergoes transformation into its adult form.

Develop

To bring out the capabilities or possibilities of something; to make more intricate or evolve, especially over time.

Accumulated Degree Hours

A measure used in forensic entomology to estimate the age of a maggot in a corpse, based on the accumulation of hourly temperatures above a threshold.