Which of the Following Statements About Trade Is False

question 88

Multiple Choice

Which of the following statements about trade is false?

• A)Trade increases competition.
• B)With trade,one country wins and one country loses.
• C)Bulgaria can benefit,potentially,from trade with any other country.
• D)Trade allows people to buy a greater variety of goods and services at lower cost.

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Definitions:

Profit Margins

The percentage of revenue remaining after all operating expenses, taxes, and costs are paid, indicating the profitability of a company.

Maximum Amounts

The highest allowable quantities or levels for inventory, budgets, or resources within a specific context to prevent overallocation or waste.

Slack

The amount of time a task in a project can be delayed without causing a delay to subsequent tasks or the overall project timeline.

Profit Margins

The difference between the sales revenue of a product or service and its cost, expressed as a percentage of the sales revenue.