Which Is the Most Accurate Statement About Trade

question 144

Multiple Choice

Which is the most accurate statement about trade?

• A)Trade can make every nation better off.
• B)Trade makes some nations better off and others worse off.
• C)Trading for a good can make a nation better off only if the nation cannot produce that good itself.
• D)Trade helps rich nations and hurts poor nations.

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Definitions:

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Deflected

Redirected or turned away from an intended path or target, often used in the context of criticism, questions, or physical objects.

Affect Heuristic

A mental shortcut that allows people to make decisions and solve problems quickly based on their emotions and feelings rather than analysis.

Ethical

Relating to moral principles or the branch of knowledge that deals with moral principles.