Of the Following Statements About Trade,which Is NOT True

question 28

Multiple Choice

Of the following statements about trade,which is NOT true?

• A) Trade generates jobs in both export and import sectors of an economy.
• B) The gains from open trade are always greater than the losses.
• C) Open trade and investment does create winners and losers.
• D) Trade does not influence culture.
• E) Trade is the two-way flow of exports and imports of goods and services.

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Definitions:

Free Gift

An item or service given without charge to a customer as an incentive or as part of a promotional strategy.

Christmas Ornament

Decorative items, often intricate and festive, used to adorn Christmas trees during the holiday season.

Noncompetitive Contact

Interaction between individuals or groups that does not involve rivalry or competition, often leading to cooperation or peacebuilding.

Ethnic Groups

Communities or populations sharing a common cultural background, ancestral lineage, language, or social experience.