Which of the Following Is Not Correct

question 478

Multiple Choice

Which of the following is not correct?

• A)Economists are generally united in their support of free trade.
• B)The conclusions of Adam Smith and David Ricardo on the gains from trade have held up well over time.
• C)David Ricardo argued that Britain should not restrict imports of grain.
• D)Economists' opposition to trade restrictions is still based largely on the principle of absolute advantage.

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Definitions:

Dependability

The quality of being trustworthy and reliable, often used in reference to products, services, or performance.

Warehousing

The process of storing goods in a large building or a designated space before they are sold or distributed.

Total Logistics Cost

The combined expenses associated with planning, implementing, and controlling the efficient flow and storage of goods, services, and information from the point of origin to the point of consumption.

Stockouts

Occur when an item is not in stock and unavailable for sale at the moment, potentially causing lost sales and customer dissatisfaction.