Which of the Following Is NOT True of Trade

question 74

Multiple Choice

Which of the following is NOT true of trade?

• A) Trade makes people better off when preferences differ.
• B) Trade increases productivity through specialization and the division of knowledge.
• C) Trade makes rich people richer and poor people poorer.
• D) Trade increases productivity through comparative advantage.

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Definitions:

Power Elite

A theory by sociologist C. Wright Mills that suggests a small group of wealthy and influential individuals at the top of society hold the power and make the key decisions.

Mills's Concept

Refers to the sociological theories and insights proposed by C. Wright Mills, including the sociological imagination, which emphasizes understanding individual experiences through the broader societal context.

Excluding Courts

Legal processes or mechanisms designed to temporarily or permanently bar certain actions or decisions within judicial systems.

Feminist Theory

A theoretical framework that seeks to understand gender inequality, examines women's social roles and experiences, and advocates for women's rights and interests.