Which of the Following Statements Is False

question 56

Multiple Choice

Which of the following statements is false?

• A) Specialization and trade allow a country's inhabitants to consume at a level beyond its production possibilities frontier.
• B) Some of the goods the U.S.exports include cars,coal,and wheat.
• C) Some of the goods the U.S.imports include cars,oil,and coffee.
• D) A country has a comparative advantage in producing that good it can produce at lower opportunity cost than another country.
• E) none of the above

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Definitions:

Bar Exam

A comprehensive examination that law graduates must pass in order to practice law in a specific jurisdiction or state.

License

Official permission or permit allowing the holder to do, use, or own something within legal bounds.

Nondisclosure Agreement

A legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes but wishes to restrict access to or by third parties.

Usurious Agreement

A loan agreement that charges interest rates above the legal limit, considered exploitative.