Which of the Following Statements Is True About the Surplus

question 145

Multiple Choice

Which of the following statements is true about the surplus gained from international free trade?

• A)Everyone involved in trade gains surplus.
• B)There may be individual winners and losers of surplus within a country.
• C)Only the producers in a country gain surplus.
• D)Only the consumers in a country gain surplus.

Understand and identify different types of unemployment and their implications.

Comprehend the inflation rate calculation and its significance.

Recognize the factors causing inflation (cost-push and demand-pull).

Gain knowledge about historical inflation trends and their causes.

---

Definitions:

Miantonomi

A notable leader of the Narragansett Native American tribe in the 17th century, involved in various alliances and conflicts during early colonial American history.

English

A West Germanic language originating in England, now the most widely used language in the world for international communication.

Religious Doctrine

A set of beliefs or principles held and promoted by a religious organization.