Benefits of Free Trade Include All of the Following EXCEPT

question 28

Multiple Choice

Benefits of free trade include all of the following EXCEPT

• A) increased world production.
• B) higher standards of living.
• C) transmission of new ideas.
• D) increased international mobility of labor.

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Definitions:

Investment Expenses

Fees and other costs incurred in connection with the management and operation of investments.

Net Income

The amount of earnings a company or individual has after subtracting all expenses, taxes, and deductions from total revenue.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life, useful for reducing taxable income by recognizing the asset's expense over several years.

Rental Income

Income earned from leasing out property or space to tenants.