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:

Autocratic Political System

A form of government where power is concentrated in the hands of a single ruler or a small elite.

Democratic System

A form of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Empowerment

The process of giving individuals or groups more power and control over their lives, which can involve increasing their confidence, skills, and opportunities.

Participative Leadership

A leadership style that involves employees in decision-making processes and encourages collaboration and input from team members.