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:

Applied Social

Refers to the use of social science theories, concepts, and methods to address real-world issues and problems.

Hypothesis

a proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Diet

The kinds of food that a person, animal, or community habitually eats.

Stress

A physical or mental response to an external cause, resulting in strain or tension.