Which of the Following Statements Is Correct

question 23

Multiple Choice

Which of the following statements is correct?

• A) Globalization is a natural consequence of comparative advantage.
• B) In the short-run, all individuals bene?t from international trade.
• C) Two countries can never trade the same good.
• D) Self-su?ciency is an easier way of increasing the real income levels of a

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Definitions:

Accounts Payable

Liabilities or money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Withdrawals

Withdrawals denote the act of taking out money from an account, or the amount of capital taken out by the owner from the business for personal use.

Sole Proprietorship

A type of business organization that has one owner. The owner is personally liable for paying the business’s debts.

Visa Card

A branded payment card that allows users to make transactions electronically, withdrawing funds from the cardholder's account.