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:

Ought Selves

The representation of the attributes that someone believes they should possess, often influenced by societal, familial, and personal expectations.

Self-regulation

Refers to the ability of an individual to manage their emotions, thoughts, and behaviors in accordance with their goals.

Big Five

A model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, often contrasting with introversion.