Which of the Following Is Correct

question 133

Multiple Choice

Which of the following is correct?

• A)trade allows for specialisation
• B)trade is good for some nations only
• C)trade is based on absolute advantage
• D)trade allows countries to consume inside their production possibilities curve

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Definitions:

False Analogy

A logical fallacy in which two objects or events being compared are relevantly dissimilar in the context of the argument made.

Ethical Decision Making

The method of assessing and selecting between options in a way that aligns with ethical standards.

Selfish Interest

Selfish interest denotes pursuing actions or decisions that benefit oneself without regard for how they affect others, often at the expense of communal or collective well-being.

Shareholders

Individuals or entities that own shares in a corporation and have potential voting rights and the possibility of dividends.