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:

Professional

Pertains to individuals who possess specialized knowledge and skills in a certain field, often requiring formal qualifications.

Work Product

Designed as the material or documents created by someone during the course of their employment or task, particularly those that reflect intellectual effort, creativity, or research.

Securities Law

Laws and regulations governing the issuance, buying, selling, and trading of securities, aimed at protecting investors.

Third Parties

Individuals or entities who are not directly involved in a legal agreement or transaction but may be affected by it or have interests that are impacted.