Which of the Following Is a Typical Outcome of Free

question 16

Multiple Choice

Which of the following is a typical outcome of free trade?

• A) Unrestricted international trade generally increases the overall prosperity of poor countries.
• B) Free trade sustains inflation in developing economies.
• C) Domestically produced products tend to be cheaper than imported products.
• D) Lower-cost imports cause living standards to deteriorate.

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Definitions:

Incidental Damages

Compensation for commercially reasonable expenses incurred as a result of the other party's breach of contract.

Expenses Saved

Costs that are avoided due to an action not taken or a change in circumstances.

Seller Resells

The act of selling a product or service again, typically after buying it from the original seller or manufacturer.

In Transit

Describes goods that are currently being transported from one location to another.