All of the Following Are Sources of Dynamic Gains from Trade

question 162

Multiple Choice

All of the following are sources of dynamic gains from trade EXCEPT

• A) specialization and the reallocation of existing resources.
• B) additional savings and investment that occurs over a period of time.
• C) economies of large-scale production.
• D) economic stimulus provided by increasing levels of competition.

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Definitions:

Right to Remedy

The entitlement of a party to have a breach of contract amicably resolved through repair, replacement, or compensation.

UCC

Uniform Commercial Code, a set of laws that provides legal rules and regulations governing commercial or business dealings and transactions.

Substantial Impairment

Significant reduction in the ability or capacity of something, often used in legal contexts to describe the detrimental impact on a person's health or property.

Installment Contract

A contract that outlines a payment plan for the purchase of goods or services over a period of time, typically involving regular payments.