The Advantage of Trade,both for Individuals and Countries

question 61

Multiple Choice

The advantage of trade,both for individuals and countries

• A) always nets out to zero.
• B) disappears when one has an absolute advantage over the other.
• C) is that trade permits specialization and specialization increases output.
• D) is increased when tariffs are imposed.
• E) can benefit only one party in the transaction.

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Definitions:

Investment

The act of managing money with the purpose of earning extra revenue or profit.

Maturity Value

The total amount to be received at the end of an investment period, including the principal and the interest earned.

Missing Value

A data point that is missing or not recorded in a dataset, which can impact the analysis and outcomes of statistical models.

Investment

The allocation of resources, such as time, money, or effort, in expectation of a future benefit or return.