The Practical Constraints on Trade Include All of These EXCEPT

question 228

Multiple Choice

The practical constraints on trade include all of these EXCEPT

• A) every international transaction involves costs.
• B) production possibilities frontiers for nations are linear.
• C) production possibilities frontiers exhibit increasing costs and diminishing returns.
• D) some industries and individuals in a country may be hurt by an expansion of trade.

---

Definitions:

Modest Wealth

A term describing individuals or families who possess enough resources for a comfortable but not lavish lifestyle.

Political Influence

The ability to sway or alter the decision-making process of individuals in power, often exerted through various means such as lobbying, campaigning, or public opinion.

Pennsylvania Population

The number of people living in the state of Pennsylvania, which can refer to historical populations or current demographics.

Class Stratification

Class stratification refers to the division of society into distinct social classes based on factors like wealth, income, education, occupation, and social connections, often influencing individuals' opportunities and quality of life.