Which of the Following Is NOT a Commonly Recognized Benefit

question 117

Multiple Choice

Which of the following is NOT a commonly recognized benefit of trade?

• A) Trade makes people better off when preferences differ.
• B) Trade creates the need for institutions such as the World Trade Organization.
• C) Trade increases productivity through specialization and the division of knowledge.
• D) Trade increases productivity through comparative advantage.

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Definitions:

Professional Competence

The level of proficiency and skill necessary to perform the duties of a specific profession effectively.

Psychotherapists

Professionals trained to treat psychological disorders and mental distress through verbal and psychological techniques.

Illusory Correlation

The perception of a relationship between two variables even when no such relationship exists.

Confirmation Bias

The inclination to seek out, understand, prefer, and remember information in a manner that validates one's existing beliefs or theories.